ACC Q3 Results: Cement maker posts surprise quarterly loss on higher expenses

Indian cement maker ACC Ltd on Monday reported a surprise loss for the September-quarter, hurt by higher fuel and power expenses.

The company's standalone loss was Rs 91.09 crore ($11.05 million) for the three months ended Sept. 30, compared with a profit of Rs 449 crore a year ago.

Analysts on average had expected the company to report a profit of Rs 133 crore for the latest quarter, according to IBES data from Refinitiv.