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ACC Q3 is a hit; 20% YoY jump in profit, beats market estimates on most fronts

The cement maker has reported a consolidated net profit of Rs 363.85 crore for the September quarter, up 20.26 percent from Rs 302.56 crore in the year-ago period.

October 20, 2020 / 02:27 PM IST

Cement manufacturer ACC on October 19 posted a consolidated net profit of Rs 363.85 crore, up 20.26 percent year-on-year (YoY) for the September quarter.

The company had reported a profit of Rs 302.56 crore in the corresponding quarter of the previous financial year. The number beat market estimates as a CNBC-TV18 poll had estimated profit to the tune of Rs 310 crore.

The company, which follows January-December financial year, posted Q3 revenue at Rs 3,537.3 crore against Rs 3,528.31 crore YoY.

Revenue was also higher than the CNBC-TV18 poll of Rs 3,450 crore.