According to estimates, the profit after tax of Ambuja Cements for the second quarter till September 2012 might have grown 94 per cent to Rs 333 crore.

The company had recorded a profit after tax of from Rs 171.5 crore during the same quarter of the previous year. the net sales is estimated to have grown 20 per cent to Rs 2,170 crore compared to Rs 1,805.1 crore in the second quarter of 2011.

The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) increased 82 per cent to Rs 530 crore from Rs 290.8 crore. The growth of 82 per cent for EBITDA is much higher than 24.4 per cent expected by analysts. The EBITDA had grown 16.1 per cent during the same quarter of the previous year and 28.2 percent during the June quarter.

On the quarter to quarter basis, the net sales are expected to fall 15 per cent and EBITDA is likely to be down 27 per cent. The profit after tax of the company is expected to fall 29 per cent from the previous quarter. The fall indicates a seasonal weakness in the industry.

Shares of the company were trading 2 per cent higher at 207 on the Bombay Stock Exchange (BSE).