ACC reports 26% profit in Q1

ACC reported 26 per cent increase in consolidated profit at Rs. 414.52 crore during the second quarter ending June 30, compared to Rs. 328.12 crore in the corresponding period of last year.
Total consolidated turnover in the quarter rose by 15 per cent to Rs. 2918.98 crore as compared to Rs. 2539.41 crore in the same quarter of 2011.
“The quarter witnessed steep escalations in most of our major input costs including slag, fly ash, gypsum and power. The sharp hike in railway freight rates with effect from March 6, 2012 substantially impacted both inward and outward costs,” the company informed. “The cement market has been growing steadily and, barring seasonal fluctuations, we expect it to maintain the same course in the near term.”

Leave a Reply

Your email address will not be published. Required fields are marked *