ACC is trading higher by 3% at Rs 1,299 on reporting 26% year-on-year growth in consolidated net profit at Rs 415 crore for the second quarter ended June 2012, on the back of higher sales volumes. Total consolidated turnover in the quarter rose by 15% to Rs 2,919 crore as compared to Rs 2,539 crore in the same quarter of 2011.
“The quarter witnessed steep escalations in most of our major input costs including slag, fly ash, gypsum and power. The sharp hike in railway freight rates with effect from March 6, 2012 substantially impacted both inward and outward costs,” ACC, owned by Swiss cement major Holcim, said in a filing.
Meanwhile, the board of directors of the company approved an interim dividend of Rs 11 per share.
A combined 3,500 shares have changed hands on the counter in opening trades.
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