Cement manufacturer ACC has reported a 52 per cent growth in net profit at Rs. 241.96 crore for the third quarter ended September 2012 as compared to Rs. 159.29 crore in the corresponding period of the previous year.
The company’s sales turnover grew to Rs. 2,555.90 crore, against Rs. 2,284 crore in the corresponding quarter last year, up 12 per cent.
Sales volume was lower at 5.40 million tonnes during the quarter against 5.69 million tonnes in the same quarter last year.
“Sales volume was depressed against a backdrop of weak demand from the construction sector and prolonged monsoon. The steep increase announced in the price of diesel during the quarter led to a rise in the cost of road transport and other inputs. The company is keeping rigorous control to mitigate the effect of these inflationary pressures, ACC said in a statement.
“Post monsoon we expect that demand for cement will revive and help boost despatches in the months ahead. We are also encouraged by some recent positive indications in the national economy and retain a healthy prospect for cement demand in the near term,” it added.
Keywords: ACC Q3 results