India’s ACC March quarter net up 23 per cent

India’s ACC March quarter net up 23 per cent
Published: 22 April 2009

ACC Ltd posted on Wednesday a better-than-expected 23 percent rise in quarterly profit on strong sales volumes.

ACC, 46 per cent owned by Holcim , said consolidated net profit for the March quarter rose to INR3.99bn (US$79m) from INR3.24bn a year ago.

Standalone net profit was INR4.05bn.

Consolidated sales rose 14 per cent to INR21.64bn, buoyed by rise in demand from rural areas and large constructions.