ACC Ltd’s net profit jumps 74% to Rs 563 cr for Q1 of 2021
New Delhi: Cement manufacturer ACC Ltd’s consolidated net profit jumped 74 percent to Rs 563 crore for the first quarter of the current calendar year ended 31 March 2021. The company had recorded a profit of Rs 323 crore in the same quarter a year ago, it said in a BSE filing.
The total revenues from operations of the company in the first quarter jumped 23 percent at Rs 4,292 crore from Rs 3,501 crore earlier.
The company's total expenses went up 16 percent at Rs 3,586 crore as against Rs 3,083 crore a year ago. The revenue from cement business increased 26 percent to Rs 3,981 crore as compared to Rs 3,153 crore earlier. The cement sales volume of the company jumped 21 percent to 7.97 million tonnes (MT) as against 6.56 MT earlier.