The apparent small growth in profit was because of an exceptional item for Rs 132.2 crore in the previous year. Excluding the exceptional item ACC’s profit has grown 143.5% quarter-on- quarter.
Net sales increased 30.4% to Rs 1391.6 crore during the quarter while actual volume sales was up 8.4% at 4.3Mt. Improved realisation and volume partially offset an increase in cost of inputs and resulted in higher operating for ACC.
Profit before interest, depreciation, exceptional items and tax was up 104.3% at Rs 391.2 crore during the quarter as compared with Rs 191.5 crore in the same quarter of the previous fiscal. Interest cost was down 32% at Rs 14.4 crore while depreciation was up slightly at Rs 61 crore.
