BENGALURU: Cement maker ACC Ltd posted on Tuesday a more than three-fold jump in profit for the quarter, as the company recorded a tax credit.
Standalone net profit rose to ₹7.30 billion ($101.78 million) for the quarter ended Dec. 31, compared with ₹2.05 billion a year earlier, the company said.
Analysts on average had expected ACC, a unit of the world's largest cement maker LafargeHolcim Ltd, to post a profit of ₹2.83 billion, according to Refinitiv data.
Sales jumped nearly 11 percent to ₹37.89 billion.
ACC received a tax credit of ₹3.91 billion in the quarter.
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