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Ambuja Cements Q4 Net profit rises to Rs 502 cr

Adani-owned Ambuja Cements Ltd on Tuesday reported marginal rise in net profit at Rs 502 crore for the quarter ending March 31, 2023. It was Rs 494 crore in the year-ago period.

The cement maker's revenue from operations rose 8% to Rs 4,256 crore in Q4FY23 as compared to Rs 3,927 crore in Q4FY22. The company declared final dividend of Rs 2.5 per share.

"Board recommended payment of final dividend of Rs 2.5 per equity Share of Rs 2 for the financial year ended March 31, 2023 and the same shall be payable subject to approval of the Shareholders at the ensuing Annual General Meeting of the Company. The final dividend, as recommended by the Board of Directors, if approved at the AGM will be paid on or after 25th July 2023," the company said in a stock exchange filing.

On Tuesday, Ambuja Cements' scrip on BSE closed 0.87% lower at Rs 393.05.

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