Consolidated net profit in the September quarter fell 28.8% year-on-year to Rs82 crore, hit by lower realizations
Like its peer UltraTech Cement Ltd, ACC Ltd’s volume growth in the last quarter too was subdued, as copious monsoon rainfall across the country dampened sales. After the quarterly results announcement, ACC’s shares ended Friday’s session down 3.1% at Rs1,562.05 apiece on BSE. Muted volume growth had been anticipated, so what led to the Street’s sharp negative reaction? The answer: There were disappointments on other key parameters too.