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Published on 16/10/2019 4:21:17 PM | Source: Dion Global Solutions Ltd

ACC gains over 4% post Q3 results

Posted in Stock On The Move| #ACC Ltd #Cement Sector #Stock On The Move

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Shares of cement maker ACC on Wednesday jumped over 4 per cent after it reported a 44.66 per cent rise in consolidated net profit for the third quarter ended September 30, 2019. It climbed 4.07 per cent to Rs 1,559.90 on the BSE. On the NSE, it gained 4.13 per cent to Rs 1,560. ACC on Tuesday reported a 44.66 per cent rise in consolidated net profit at Rs 302.56 crore for the third quarter ended September 30, 2019.

The company had posted a net profit of Rs 209.14 crore in the corresponding period of the previous fiscal, ACC said in a BSE filing. Consolidated net sales stood at Rs 3,464.43 crore for the period under review as against Rs 3,363.96 crore for the same period year ago.