ACC Results for Quarter Ending June 2018
ACC profits went up marginally by 1.1 per cent, at Rs 328 crores from Rs
326 crores, in the same period last year. The cement company's revenue was lower by
1.3 per cent to Rs 3,768 crores from Rs 3,818 crores in the same quarter for the previous year, though sales volume grew by 7 per cent. EBITDA was down by 1.9 % at Rs. 624.7 crores as against Rs. 636.4 crores in the same
quarter last year.
The stock market gainers for these good results were ACC's market competitors, Orient Cement, India
Cements, Ultratech Cement, Sagar Cement, and
Ambuja Cements on the BSE.
With a good monsoon with us this year, the cement industry is looking forward to excellent sales and performance in the coming quarters.