New Delhi, Feb 18 (PTI) Shares of Ambuja Cements Ltd fell over 5 per cent in early trade on Friday after the company reported a decline of 55.48 per cent in its consolidated net profit for the fourth quarter.

On the BSE, the scrip was trading at Rs 339.7, down 5.48 per cent over the previous close.

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Similarly, on the NSE, the scrip fell 5.71 per cent to Rs 339.25 during the early trade.

The company on Thursday reported a decline of 55.48 per cent in its consolidated net profit to Rs 430.97 crore for the fourth quarter ended December 31, 2021.

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The company, which follows the January-December financial year, had clocked a net profit of Rs 968.24 crore a year-ago quarter.

The firm's consolidated result also includes the financial performance of its step-down firm ACC Ltd.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)