Home Market ACC Q3 profit rises 15% YoY to Rs 209 crore, cement volumes...

ACC Q3 profit rises 15% YoY to Rs 209 crore, cement volumes up 10%

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NEW DELHI: ACC on Wednesday reported a 15 per cent YoY rise in consolidated profit after tax (PAT) at Rs 209 crore for September quarter. Analysts in an ET NOW poll had estimated the profit figure at Rs 240 crore.

The cement maker had reported Rs 182 crore profit in the corresponding quarter last year.

Consolidated net sales rose 10 per cent to Rs 3,364 crore compared with Rs 3,054 crore last year.

Ebitda came in at Rs 444 crore, up 7 per cent over Rs 416 crore in the year-ago period.

Volume growth for the cement segment stood at 10 per cent and for ready mix concentrate at 12 per cent.

The company said it will continue to maintain its focus on operating efficiencies to improve performance.

“Demand drivers including growth in affordable and rural housing segments as well as infrastructure projects will remain healthy. We are optimistic that cement demand growth will strengthen in the coming year,” it said.

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