Ambuja Cements Ltd has reported a significant growth of 85.2 per cent in its consolidated net profit after taxes (PAT) at Rs 205.7 crore for the October-December quarter ended December 31, 2016.

“The consolidated net profit of the company stood at Rs 111.04 crore during the same period a year ago,” Ambuja Cements Ltd said in a filing to the Bombay Stock Exchange.

Its consolidated total income, too, jumped over two-fold to Rs 4,993.3 crore during Q4 FY16, as compared to Rs 2,466.89 crore during the same period last year.

The net sales of the cement maker grew to Rs 4,861.04 crore for the fourth quarter, as against Rs 2,361.05 crore in the same period of previous fiscal.

For the full year, it has posted a net profit after taxes & minority interest of Rs 1,121.13 crore for the year ended December 31, 2016 as compared to Rs 807.88 crore for the year ended December 31, 2015. Total income has increased from Rs 9,834.56 crore for the year ended December 31, 2015 to Rs 20,861.97 crore for the year ended December 31, 2016.

The company’s board has recommended a final dividend on equity shares at the rate of Rs 1.20 per share. With the interim dividend of Rs 1.60 per share paid during the year, the total dividend for the year 2016 works out to Rs 2.80 per share, the company said in a statement.

Meanwhile, shares of the company were trading at Rs 237.05 apiece, down 0.98 per cent, from previous close on BSE at 12:09 hours.