ACC jumps almost 4% on Q2 numbers

NEW DELHI: Shares of jumped almost 4 per cent on Wednesday as the cement maker reported a 23.74 per cent year-on-year rise in consolidated net profit to Rs 450.21 crore in July-September.

At 09:35 hours (IST) the company’s scrip was at Rs 2,327.70 on the National Stock Exchange, up 3.79 per cent from previous close.

The cement maker’s total revenue from operations in July-September increased 5.98 per cent to Rs 3,749 crore from Rs 3,537.31 a year ago, the company said in an exchange filing on Tuesday.

In the previous quarter, ACC’s total expenses were at Rs 3,204.40 crore, a rise of 5.31 per cent from Rs 3,042.75 crore a year ago.

Cement sale volumes in July-September increased 1.23 per cent to 6.57 million tonnes as against 6.49 million tonnes earlier.