Excellent ACC Results Bring Cheer to Industry

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.