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India's Ambuja Cements first-quarter profit falls on higher costs

India's Ambuja Cements first-quarter profit falls on higher costs

- India's Ambuja Cements ABUJ.NS reported a 36.8% drop in first-quarter profit on Tuesday, pressured higher fuel costs due to the Middle East war.

The Adani Group-owned cement maker reported a profit after tax of 5.04 billion rupees ($52.59 million) for the quarter ended June 30, up from 7.97 billion rupees a year earlier.


(Reporting by Urvi Dugar in Bengaluru; Editing by Subhranshu Sahu)

((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))

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