A Oneindia Venture
News Personal finance Gold rates Silver rates Mutual funds IPO MSME
Gold Rates
Silver Rates
Platinum Rates
Fuel Price
Holidays
Banking
Lottery
Calculators
Savings Scheme
Get Updates
Get notified about market trends, financial advice, and investment tips!
English हिन्दी ಕನ್ನಡ മലയാളം தமிழ் తెలుగు
Sensex 75,273.45 +1.63% ↑ Nifty 23,305.10 +1.71% ↑ 22k Gold ₹ 13,445/gm Silver ₹ 2,50,000/kg Petrol ₹ 103.50 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 94.30 USD ₹ 94.05
Sensex 75,273.45 +1.63% ↑ Nifty 23,305.10 +1.71% ↑ 22k Gold ₹ 13,445/gm Silver ₹ 2,50,000/kg Petrol ₹ 103.50 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 94.30 USD ₹ 94.05
Home News Stocks
ACC profits drop following change in depreciation methods
By
Add as a preferred source on Google

ACC
ACC: Quotes, News
BSE 1369.40BSE Quote35.3 (-2.58%)
NSE 1367.90NSE Quote33.6 (-2.46%)
Cement major ACC has reported a a profit after tax of Rs152 crore, for the first quarter. as compared to Rs 350 crore reported in the corresponding period of last year. The sharp decline in profits, is attributed to a change in the accounting policy.

The Company has recognized an additional depreciation charge of Rs 341 crore, which had led to a drop in PAT. Turnover at the company rose to Rs 3015 crore from Rs 2541 crore in the corresponding period of the previous year.

The company’s results can be attributed ti better volumes during the quarter. Manufacturing costs and realisations were affected by a steep escalation in the cost of inputs such as coal, fly ash and gypsum.

The cost of transportation also rose significantly as a result of the hike in rail freight and increase in diesel prices, the company said in the statement.

The Board of Directors of the Company have recommended a final dividend of Rs 17 per share, taking the total dividend to Rs 28 per share, following an earlier interim dividend of Rs 11.

Shares of the company were trading low at Rs 1,266 lower 2.40% on BSE at 2.50 pm IST.

GoodReturns.in

Share This Article
Story first published: Thursday, April 19, 2012, 14:50 [IST]
See More On: acc, pat, shares
Other articles published on Apr 19, 2012

More From GoodReturns

Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+
Sign Out