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ACC June quarter net profit rises 32.5% to Rs 326 crore

LiveMint logoLiveMint 17-07-2017 PTI

New Delhi: Cement maker ACC Ltd Monday reported a 32.57% increase in its consolidated net profit at Rs326.23 crore for the June quarter ended 30 June on account on robust sales.

The company, which follows the January-December as fiscal year, had clocked a net profit of Rs246.07 crore in the year-ago period, ACC Ltd said in a BSE filing.

Its consolidated sales rose 17.89% to Rs3,818.21 crore during the quarter under review as against Rs 3,238.69 crore in the corresponding period of the previous fiscal.

ACC’s cement sales during the April-June quarter stood at 6.74 million tonnes (MT) as against 6.12 MT a year ago, up 10.13%.

Shares of ACC on Monday settled at Rs1,751.25 apiece on BSE, down 0.08% from the previous close.

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