ACC Q3 net profit up at Rs 242 crore

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ACC Q3 net profit up at Rs 242 crore
ACC: Quotes, News
BSE 1322.90BSE Quote13.5 (1.02%)
NSE 1325.70NSE Quote12.3 (0.93%)
ACC Ltd reported a 52% rise in its net profit year-on-year to Rs 242 crore in the quarter ended September 2012.

The company's consolidated sales turnover rose to Rs 2555.90 crore, against Rs 2284.00 crore in the corresponding quarter last year.

The company's Profit after Tax rose to Rs 241.96 crore in this quarter, as compared to Rs 159.29 crore in the corresponding quarter of previous year.

Profit before Tax in the third quarter was Rs 350.30 crore as against Rs 220.73 crore in the same quarter of the preceding year.

The steep increase announced in the price of diesel during the quarter led to a rise in the cost of road transport and other inputs. The company is keeping rigorous control to mitigate the effect of these inflationary pressures. Simultaneously other strategic initiatives are also being taken for continuous improvements in operations, sales and logistics, the company said in the release.

Shares of the company closed lower by 0.53% at Rs 1420 on BSE, after touching an intra-day low of Rs 1408.

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