Auto Segment
Mutual Fund Segment
My Budget
Expert Speak
In Association With
Business Standard

ACC's Q4 net dips 8.7% on poor cement demand

Company paints a bleak near term outlook

Related News

ACC, India's second largest maker, has posted a decline of 8.7% in its for the quarter ended March, 2014.

The profitability fell to Rs 400 crore compared with Rs 438 crore in the previous corresponding quarter. The company's sales turnover was marginally up at Rs 2,967 crore against Rs 2,906 crore last year.

Sluggish cement demand and high costs dented ACC's profitability.

"In the first quarter of 2014, the industry did not experience any significant improvement in the pace of infrastructure development and general construction," said in a statement.

With no uptrend in the demand for cement, our sales volume was at about the same level as in the corresponding period of previous year, it further added. The total sales volume stood at Rs 6.48 million tonne in the quarter, up a little less than a%age point.

"Our manufacturing costs faced escalations in the cost of our major inputs - namely, coal, fly ash and gypsum," the company said. In its outlook, ACC said that it does not foresee any significant improvement in the cement market in the near term.

On the BSE, ACC's shares had last traded at Rs 1,347.75, up 0.97% on Wednesday.

Read more on:   

Read More

SIB earns all time high net profit in FY14

Please use nationally or in Accent South. KOCHI 24 APRIL South Indian Bank cloaked an all timehigh net profit of Rs 507.50 crore in FY 2013-14. ...

Recommended for you

Quick Links

Results Calendar
Rss icon February 2015 Rss icon
Sun Mon Tue Wed Thu Fri Sat
Results Tracker
Available for 3918 companies
Quarter Dec 2014 Dec 2013 % chg
Sales 1,743,800.15 1,723,484.94 1.18
Op. Profit 431,219.38 422,305.71 2.11
Net Profit 86,186.22 104,048.89 -17.17
Figures in Rs crore

Back to Top