ACC 3Q Consolidated Net Profit INR4.16bn

ACC 3Q Consolidated Net Profit INR4.16bn
29 October 2009

India’s largest cement maker by capacity, said Wednesday its third quarter consolidated net profit jumped 60% as power and fuel costs fell.

Consolidated net profit for the quarter ended Sept. 30 rose to INR4.16 billion from INR2.60 billion, the company said in a statement to the Bombay Stock Exchange.

Consolidated net sales increased 9.3% to INR20.77 billion from INR19.00 billion.

The earnings beat market estimates. Eleven analysts in a Dow Jones Newswires poll had on average expected net profit at INR3.98 billion on net sales of INR19.83 billion.

Published under Cement News