ACC Cement Ltd Finance results announced
India is Largest cement production company on ACC Cement Ltd Monday announced Finance results. Cement company recover to after covid-19 the market cement demand increase country said the ACC cement CEO Sridhar Balakrishnan.
The company announced consolidated profit after tax at Rs.364 crore in Q3 during July to September. at the same quarter last year compare the Rs.303 but these year profit increase on 19% percent YoY growht.
The company has report an EBITDA of Rs.671 crore and 20% growth YoY based. ACC Cement Net sales of Rs.3,468 crore and Net sales cement volume at 6.million tonnes.
“Volumes and Sales have bounced bank to perior-year leavels, Our efficiency and cost reduction plans have helped drive significant margin expansion during the quarter” theses said the ACC Cement CEO of Sridhar Balakrishnan.
ACC cement total revenue for the Rs.5,537 crore in tn YoY up 0.5% percent.
Sridhar Balakrishnan Statement “The Governenment’s thrust on infrastructure development, increased spending through measures aimed at reviving the rural economy and a sharper focus on the affordable housing segment is expected to drive strong resurgence of cement demand”.
ACC Cement current share price Rs.1,567.50
Thank you for reading an more updates Follow Social Media and Stay tuned to Businsline.info