Guj Ambuja Q5 net surges by 225 pc

New Delhi, Oct 20: Gujarat Ambuja Cements today posted a 225.45 per cent increase in its net profit at Rs 245 crore for the fifth quarter ended September 30, 2006 as compared to Rs 75.28 crore during the corresponding period last year.

The company's total income rose by 55.70 per cent to Rs 1009.94 crore for the Q5 FY07 as against Rs 648.62 crore in Q5 FY06.

The company's board has also recommanded payment of second interim dividend for the 18 month period ending December 2006 of 75 per cent on equity shares of the company (Rs 1.50 per share of Rs 2 each).

In addition, the group posted a 159 per cent increase in consolidated net profit at Rs 279.95 crore for the fifth quarter, as compared to Rs 108.06 crore during the corresponding period last year.

UNI