An over 60 per cent decline in international coal prices which trimmed fuel cost, consumption growth of close to 9 per cent and the ensuing price increases of Rs 10-15 per bag helped the companies return to growth in the March quarter.
ACC’s net profit grew 13 per cent helped by a 14 per cent increase in sales and UltraTech Cement’s net profit grew 9 per cent on a 16 per cent increase in sales.
Ambuja Cements’ PAT recorded a comparatively lower 2.4 per cent growth despite a 11.6 per cent growth in sales as its fuel expenses continued on higher slab on inventories of high-cost coal.
