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ACC's net profit increases by 15pct in Q3 FY18

Infra News - Published on Mon, 12 Feb 2018

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Cement-maker ACC registered a 15% rise in its net profit during the quarter ending December 2017. Its profit after tax (PAT) stood at INR 204.51 crore as against INR 177.69 crore it recorded in the previous quarter. The company's net revenue increased by 12% and stood at INR 3494.08 crore.

Mr Neeraj Akhoury, CEO and managing director of the company, said that "ACC registered robust revenue growth across categories and geographies, with an increased focus on premium products and a targeted approach to customers and market, delivering strong top-line growth."

ACC's liabilities also grew by 14% during the said period. Its total liabilities during Q3 FY18 stood at INR 5523.39 crore as against Rs 4837.10 crore it recorded in the perceding quarter.

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Posted By : Nanda Koijam on Mon, 12 Feb 2018
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