Mumbai: Cement manufacturer ACC Ltd on Thursday posted a consolidated net profit of Rs392.87 crore for the quarter ended 31 March.
The company had a profit of Rs 399.34 crore during the same period of the previous fiscal.
However, due to the company’s acqusition of a 100% stake in Encore Cement & Additives, as well as acquisition of 100% equity in National Limestone Company, in the last financial year, the results for the quarter ended March 2010, are not comparable with the corresponding period of the previous fiscal, ACC said in a filing to the Bombay Stock Exchange (BSE).
Net sales of the company stood at Rs2,240.37 crore for the March quarter, while the same was Rs2,163.99 crore during the corresponding period of the last fiscal.
On a standalone basis, the company reported a net profit of Rs405.12 crore for the March quarter, while the same stood at Rs 404.76 crore during the same period of the previous fiscal.
Meanwhile, the company has appointed Aidan Lynam as a director on its board to replace Onne Van der Weijde, who has resigned, it said.
Shares of ACC were trading at Rs920.30 on the BSE, down 1.17% from the previous close.