Gujarat Ambuja Q2 consolidated net rises 159 pc, 2nd interim at75 pc

Mumbai, Oct 20 (UNI) Gujarat Ambuja Cements Ltd has posted a consolidated net profit of Rs 279.95 crore for the quarter ended September 30, 2006, as compared to Rs 108.06 crore for the quarter ended September 30, 2005, representing a growth of 159 per cent.

Announcing the results, the company said its total income (net of excise) has increased to Rs 1031.24 crore for the quarter ended September 30, 2006, from Rs 670.66 crore for the quarter ended September 30, 2005.

While, on a standalone basis, the company has posted a net profit of Rs 244.66 crore for the quarter ended September 30, 2006, as compared to Rs 75.28 crore for the quarter ended September 30, 2005.

Total Income (net of excise) has increased from Rs 656.22 crore for the quarter ended September 30, 2005, to Rs 1009.94 crore for the quarter ended September 30, 2006.

The board at the said meeting has also approved payment of 2nd interim dividend for the 18 month period ending December 2006 of 75 per cent on equity shares of the company i e, Rs 1.50 per share of Rs two each.

UNI SN MJ SKB1832