ACC has reported a fall of 6% (YoY) in profits for the first quarter of CY11. During the period, consolidated profit after tax of the company declined to Rs 328 crore as against Rs 349.5 crore in the corresponding quarter last fiscal.
Net sales jumped 17% to Rs 2,539 crore from Rs 2,167 crore year-on-year. EBITDA in the April-June quarter was Rs 547.5 crore versus Rs 551 crore in the year ago period.
EBITDA margins declined to 21.6% as against 25.5% year-on-year.
Total expenditure went up 23% to Rs 2,116 crore in the quarter ended June 2011 as against Rs 1,721 crore in same quarter the previous year.
Other income of the company shot up 2.5 times to Rs 46 crore from Rs 18 crore.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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