Covid-19: ACC profit down 40.5% to Rs 270 cr in Apr-Jun, sales fall 37.2%

Cement maker ACC on Monday reported a 40.53 per cent decline in its consolidated net profit to Rs 270.95 crore for the quarter ending June, impacted mainly by a decline in sales during the lockdown.

The company, which follows a January-December financial year, had posted a profit of Rs 455.68 crore in the same quarter a year ago, it said in a BSE filing.

ACC's total revenue from operations was down 37.29 per cent to Rs 2,602.24 crore during the quarter under review as against Rs 4,149.82 crore in the year-ago period.

ACC's total expenses in April-June quarter of 2019 were at Rs