ACC reveals Q3 results

ACC Ltd has announced its consolidated results for the third quarter ended 30 September 2011.

The company’s profit before tax stood at Rs 220.74 crore as against Rs 130.28 crore in the same quarter of the preceding year. Similarly, its profit after tax was Rs 159.31 crore in this

quarter, as compared to Rs 86.31 crore in the corresponding quarter of previous year.

However, profitability was lower as compared to the immediate previous quarter. This was attributed to ascending input costs, particularly coal, petroleum products, slag and flyash.

Consolidated sales turnover was Rs 2283.42 crore, up from Rs 1759.18 crore in the corresponding quarter last year.

According to reports, ACC’s October shipments rose 2.6% from a year earlier to 1.97 million t. The company’s production also rose in October to 2.04 million t from 1.98 million t a year ago.

The company also announced that production from its cement projects in Wadi and its new line in Chanda have both stabilised.

ACC predicts cement demand to increase post-monsoon, which should have a similar impact on the company’s despatches in the coming months.

Read the article online at: https://www.worldcement.com/asia-pacific-rim/01112011/acc_reveals_q3_results/