Net profit of Gujarat Ambuja Exports rose 27.31% to Rs 80.46 crore in the quarter ended December 2018 as against Rs 63.20 crore during the previous quarter ended December 2017. Sales rose 15.74% to Rs 1177.47 crore in the quarter ended December 2018 as against Rs 1017.33 crore during the previous quarter ended December 2017.

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Gujarat Ambuja Exports will hold a meeting of the Board of Directors of the Company on 2 February 2019, to consider and approve Unaudited Financial Results of the Company for the third quarter and nine months ended 31.12.2018.

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Gujarat Ambuja Exports has decided to put up a Green Field plant at Malda, West Bengal for 1000 TPD Maize Processing at an estimated cost of 300crores. The plant will manufacture Starch, Liquid Glucose and Sorbitol to cater to the requirements of Eastern part of the country and export markets of Bangladesh and South East Asian countries. The company has been allotted land admeasuring 66.85 acres at MIGC(Ph-II), Malda. The project shall be executed within a period of 2 years from now. With this initiative, the Company shall have manufacturing and marketing presence in North, West, South and East India and will establish it as a truly Pan India manufacturer in maize processing sector.

The second phase of the company's Chalisgaon, Maharashtra Maize Processing plant is progressing well and shall be completed in Q4 as per schedule. The first phase which had started commercial production in March this year, is currently operating at 80% capacity utilization.

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Net profit of Gujarat Ambuja Exports rose 58.26% to Rs 33.14 crore in the quarter ended September 2018 as against Rs 20.94 crore during the previous quarter ended September 2017. Sales rose 0.16% to Rs 776.31 crore in the quarter ended September 2018 as against Rs 775.06 crore during the previous quarter ended September 2017.

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