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ACC gains 5% on better-than-expected June quarter earnings

The company posted 39 per cent year-on-year jump in consolidated net profit at Rs 456 crore in June quarter on the back of higher realisation.

Topics
ACC | Buzzing stocks

SI Reporter  |  Mumbai 

cement stocks
cement stocks

shares rose 5 per cent to Rs 1,647 on the BSE in Friday's early morning deal after the company reported a better-than-expected 39 per cent year-on-year (YoY) growth in consolidated net profit at Rs 456 crore in June quarter (Q2CY19) on the back of higher realisation. The cement company had a profit of Rs 329 crore in the same quarter last year.

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First Published: Fri, July 19 2019. 09:31 IST
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