ACC shares increase nearly 4% in market after earnings announcement

ACC shares achieve nearly 4% after earnings announcement

Summary of Acc Shares 

ACC shares achieve nearly 4%

The company reported a growth of 20.25 percent to Rs 363.85 crore in consolidated net profit for the third quarter ended September 30 on Monday. The company posted a profit of Rs 302.56 crore in the same quarter after the January-December financial year. The year before, ACC said in a BSE filing.

Shares of cement maker ACC rose approximately 4 percent on Tuesday, following a 20.25 percent increase in consolidated net profit for the quarter ended September 30 by the company. The stock rose 3.78 percent to Rs 1,622 - its 52-week high - on the BSE.

On the NSE, it rose 3.80 percent to Rs 1,622.10 - a one-year high.

For the third quarter ended September 30, the company reported a growth of 20.25 percent to Rs 363.85 crore in consolidated net profit on Monday.

The company posted a profit of Rs 302.56 crore in the same quarter a year ago after the January-December financial year, ACC NSE 1.08% said in the BSE filing.

Its total income from operations during the quarter was marginally Rs 3,537.31 crore as compared to Rs 3,537.31 crore during the quarter under review.

ACC managing director and CEO Sridhar Balakrishnan said its "volume and sales have returned to last year's levels. Our efficiency and cost reduction plans have helped important margin growth during the quarter".


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