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ACC March Quarter Profit Beats Estimates On Higher Cement Sales Volume

21 April, 2017 12:01 PM
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ACC March Quarter Profit Beats Estimates On Higher Cement Sales Volume

ACC Ltd, a unit of the world's largest cement maker, Lafargeholcim Ltd, reported a 9 per cent fall in its first-quarter net profit, but beat analysts' expectations, helped by stronger cement sales volume. Consolidated net profit fell to Rs 211 crore ($32.67 million) for the quarter ended March 31, from Rs 232 crore a year earlier, the company's third profit drop in four quarters. Total revenue from operations grew 9 per cent to Rs 3,631 crore.

Analysts on average were expecting a profit of Rs 162 crore, according to Thomson Reuters data.

Source: profit.ndtv.com

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