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Business News/ Companies / Holcim firms Ambuja Cements, ACC report contrasting results
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Holcim firms Ambuja Cements, ACC report contrasting results

Joel Rebello

Holcim firms Ambuja Cements, ACC report contrasting results

Report card: An ACC cement plant in Barmana, Himachal Pradesh. The company said sales in the January-March period fell due to despatch constraints owing to non-availability of railway wagons. Ramesh P (An ACC cement plant in Barmana, Himachal Pradesh. The company said sales in the January-March period fell due to despatch constraints owing to non-availability of railway wagons. Ramesh P)Premium
Report card: An ACC cement plant in Barmana, Himachal Pradesh. The company said sales in the January-March period fell due to despatch constraints owing to non-availability of railway wagons. Ramesh P (An ACC cement plant in Barmana, Himachal Pradesh. The company said sales in the January-March period fell due to despatch constraints owing to non-availability of railway wagons. Ramesh P)

Mumbai: ACC Ltd and Ambuja Cements Ltd, both controlled by Swiss cement maker Holcim Ltd, released contrasting results on Thursday for the quarter ended 31 March.

Profits at India’s largest cement maker ACC fell 1.6% from the same period in the previous fiscal to Rs392.87 crore as sales fell due to a shortage of railway wagons to ferry the product.

Ambuja Cements posted a 38% jump in profit to Rs462 crore, riding on a 7.8% increase in sales from the same period a year ago to Rs1,990 crore.

Also Read | High costs hit ACC Q1, oversupply concerns stay

The profit included a one-time gain of Rs72.6 crore from the stake sale in ING Vysya Life Insurance Co. Ltd.

“Several of our cement units faced despatch constraints due to non-availability of railway wagons, as a result of which our sales volumes were near flat," ACC said in a statement. Its sales fell 2.6% to 5.58 million tonnes from 5.73 million tonnes.

Report card: An ACC cement plant in Barmana, Himachal Pradesh. The company said sales in the January-March period fell due to despatch constraints owing to non-availability of railway wagons. Ramesh Pathania/Mint

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Published: 22 Apr 2010, 11:09 PM IST
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