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ACC net profit surges 85% in Q2

ACC, meanwhile, reported an 85 per cent rise in its consolidated net profit at Rs 471 crore in the second-quarter ended June 30, 2009 against Rs 255 crore in the same period last year. Sales were up 15 per cent at Rs 2,188 crore (Rs 1,906 crore) in the quarter under review.

The company sold 5.42 mt of cement, up two per cent from the corresponding quarter of 2008. The board of directors has approved an interim dividend of Rs 10 an equity share.

Though the company has not added much in terms of capacity, demand was good in most markets where it has a presence. The 10 per cent fall in its power and fuel bill at Rs 371 crore (Rs 419 crore) also worked in its favour, said an analyst.
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