Cement majors put up a strong show in June quarter

Muthukumar K
The stock prices of the top two cement players — ACC and UltraTech Cement — were down marginally post announcement of their results. However, both companies managed to improve their bottomlines during the June quarter of 2017. Net profit was up 15 per cent for UltraTech Cement over the previous year, while it was up a huge 33 per cent for ACC. While ACC reported a profit after tax of ₹326 crore...