ACC Q3 PAT up 18% at Rs 242 crore

MUMBAI: Cement major ACC has reported an 18 per cent increase in net profit at Rs 242 crore for the quarter ended September 2012 compared to a net profit of Rs 159.3 crore in the corresponding quarter a year ago.

Sales for the September quarter increased to Rs 2,556 crore, up 12 per cent, compared to Rs 2,283 crore during the same quarter last fiscal.

According to analysts, the company’s consolidated topline and EBIDTA are in line with expectations while bottomline was below estimates due to higher tax rate.

The group posted a consolidated net profit of Rs 241.9 crore during the quarter ended September 2012 as against a net profit of Rs 159.29 crore in the same quarter a year ago. Total income increased to Rs 2639.8 crore from Rs 2440.55 crore for the quarter ended September 30, 2011.

At 03:20 pm, the stock was at Rs 1,419, down 0.61 per cent on the BSE. It touched a high of Rs 1,451 and a low of Rs 1,408.85 in trade today.