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Cement Maker ACC's September-Quarter Profit More Than Doubles

Cement sales volume rose about 18 per cent to 5.96 million tonnes in the quarter

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1492774677_8pFQYO_acc-Cement-PTI--reuters.jpg

Cement maker ACC Ltd's quarterly profit more than doubled, beating analysts' expectations, helped by strong cement sales volume growth.

Profit rose to 1.82 billion rupees ($28.0 million) in third quarter ended Sept. 30, from 897.1 million rupees a year earlier.

Cement sales volume rose about 18 per cent to 5.96 million tonnes in the quarter.

Sales volume growth was aided by capacity stabilization of the Jamul plant in Chhattisgarh and the Sindri plant in Jharkhand, the company said on Tuesday.

Analysts on average had expected the company to post a profit of Rs 1.66 billion, according to Thomson Reuters data.

(Reuters)


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