Wednesday, April 27, 2011

ACC Q1 Results Announced


ACC Ltd has announced the following results for the quarter ended March 31, 2011:

The Unaudited results for the Quarter ended March 31, 2011

The Company has posted a net profit of Rs 3506.644 million for the quarter ended March 31, 2011 as compared to Rs 4051.287 million for the quarter ended March 31,

2010. Total Income has increased from Rs 21627.037 million for the quarter ended March 31, 2010 to Rs 24650.820 million for the quarter ended March 31, 2011.

"The Consolidated Results are as follows :

The Unaudited consolidated results for the Quarter ended March 31, 2011

The Group has posted a net profit of Rs 3501.724 million for the quarter ended March 31, 2011 where as the same was at Rs 3928.790 million for the quarter ended March

31, 2010. Total Income is Rs 26255.846 million for the quarter ended March 31, 2011 where as the same was at Rs 23012.533 million for the quarter ended March 31, 2010.

The results for the quarter ended March 31, 2011 are not strictly comparable with the corresponding previous period due to the following:

i) 100% Investment In Encore Cement & Additives Pvt Ltd w.e.f. January 28, 2010.

ii) 45% Investment in Asian Concretes and Cements Pvt Ltd w.e.f. April 01, 2010.

iii) The ACC Concrete Ltd, a wholly owned subsidiary of Company has acquired 40% stake in Aakaash Manufacturing Pvt Ltd for a total consideration of Rs. 550 Lakhs, a

Company engaged in manufacturing of Ready Mixed Concrete.

The effect of the operations of these entities on the result is not significant."

Source: BSE Corporate Announcements

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