ACC doubles its Q2 net to Rs 182 cr on strong operational show

Strong performance came at a time when country was reeling under monsoon rains, with demand for cement going down and prices remaining subdued

ACC, one of India’s leading cement makers and part of global cement conglomerate LafargeHolcim, surprised the market by posting a strong performance for the quarter ended September 30. The company’s consolidated net profit doubled to Rs 182 crore compared with Rs 90 crore in the corresponding quarter last year.

 
The company’s net sales grew 25 per cent from Rs 2,435 crore to Rs 3,054 crore as it sold 18 per cent more cement at 5.96 million tonnes against 5.07 million tonnes. The top line performance was also ahead of expectations.
 
Bloomberg estimates had pegged ACC's net profit at Rs