ACC Q4 profit rises 126% to Rs206 crore
Bengaluru: Cement maker ACC Ltd said on Thursday its fourth-quarter profit more than doubled from a year earlier and beat analysts’ expectations.
Profit rose 126% to Rs206 crore ($32.06 million) in the quarter ended 31 December, from Rs90.87 crore a year earlier, the company said in a statement.
Net sales were up 30% at Rs3,417 crore.
Analysts on average had expected the company to post a profit of Rs185 crore, according to Thomson Reuters data.
ACC shares were trading 3% higher after the results. Reuters