ACC reports 7% fall in Q2 consolidated net profit

24 Jul 2014 Evaluate

ACC has reported results for second quarter ended June 30, 2014.

The company’s net profit has declined 6.97% at Rs 241.02 crore as compared to Rs 259.09 crore for the quarter ended June 30, 2013. However, its total income has increased by 7.47% to Rs 3096.61 crore for the quarter under review from Rs 2881.15 crore for the corresponding quarter of the previous year.

On the consolidated basis, the Group has reported 7.10% fall in its net profit after taxes & Minority interest at Rs 243.15 crore for the quarter as compared to Rs 261.76 crore for the same quarter in the previous year. However, total income of the Group has increased by 7.48% at Rs 3097.43 crore for quarter under review as compared to Rs 2881.65 crore for the quarter ended June 30, 2013.

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