India: Ambuja Cement, part of LafargeHolcim, reported a 71% jump year-on-year in its consolidated net profit to US$127.9m during the first quarter of 2021, compared to a profit of US$74.8m in the same period of 2020. Managing Director Neeraj Akhoury said, "Indian demand growth has been strong in the last quarter, which has also helped the sales volume growth and commercial performance.”
Akhoury added that, despite strong and continuing headwinds with regards to input prices, including coal, petcoke and diesel, the company had made significant progress on efficiency improvement, which had a positive impact on cost evolution.
Ambuja Cement’s profit jumps 71% in first quarter of 2021
Written by Global Cement staff
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