For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

ACC Q3 net profit up at Rs 242 crore

|
ACC Q3 net profit up at Rs 242 crore
ACC: Quotes, News
BSE 1590.50BSE Quote5.7 (-0.36%)
NSE 1591.55NSE Quote5.85 (-0.37%)
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.

GoodReturns.in

Read more about: acc
Story first published: Thursday, October 18, 2012, 15:56 [IST]
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more