ACC Ltd’s net profit falls 41% to Rs 270.95 cr in lockdown quarter

New Delhi: Cement player ACC Ltd’s consolidated net profit fell 41 percent to Rs 270.95 crore for the second quarter ending June 2020. The company follows January-December fiscal.

ACC’s consolidated net profit was Rs 455.68 crore in the corresponding quarter in the previous fiscal. 

ACC’s consolidated total revenue from operations declined 37.29 percent to Rs 2,602.24 crore in the second quarter ended June 2020. The same was Rs 4,149.82 crore in the corresponding quarter of the previous fiscal. 

The company’s consolidated total expenses in second quarter ended June 2020 stood at Rs 2,252.62 crore as compared to Rs 3,533.55 crore in the same quarter of the previous fiscal. 

ACC’s revenues from cement went down 34 percent to Rs 2,550.99 crore in second quarter ended June 2020 as compared to Rs 3,841.39 crore in the same quarter of the previous fiscal. Revenues from ready-mix-concrete declined down 83 percent to Rs 62.63 crore in second quarter ended June 2020 as compared to Rs 365.82 crore in the same quarter of the previous fiscal, the company said in a regulatory filing. 

 

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