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Higher sales volume boosts cement giant ACC's Q1 numbers by 33%

The company's cement sales volume rose 10.1 percent to 6.74 million tons in the quarter

Reuters 

ACC
A labourer takes a nap on the stacked cement sacks of ACC company on the outskirts of Allahabad (Photo: Reuters)

producer Ltd reported an about 33 percent rise in June-quarter consolidated profit, boosted by higher sales volume.

The company, a unit of the world's No.1 maker, LafargeHolcim Ltd, said consolidated profit rose to Rs 326 crore ($50.65 million) in the quarter ended June 30, from 2.46 billion rupees a year earlier.

Analysts on average were expecting the maker to report a consolidated net profit of Rs 259 crore, according to Thomson Reuters data.

The company's sales volume rose 10.1 percent to 6.74 million tons in the quarter, it said in a statement on Monday.

 

($1 = 64.3600 Indian rupees)

 

First Published: Mon, July 17 2017. 17:32 IST
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