ACC declines on reporting 7% fall in Q2 consolidated net profit

24 Jul 2014 Evaluate

ACC is currently trading at Rs 1446.75, down by 8.05 points or 0.55% from its previous closing of Rs 1454.80 on the BSE.

The scrip opened at Rs 1459.80 and has touched a high and low of Rs 1462.95 and Rs. 1430.10 respectively. So far 39953 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1524.45 on 09-Jun-2014 and a 52 week low of Rs 912.05 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs 1499.90 and Rs 1438.85 respectively. The current market cap of the company is Rs 27034.39 crore.

The promoters holding in the company stood at 50.30% while Institutions and Non-Institutions held 32.54% and 17.17% respectively.

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.

ACC Share Price

2351.60 26.10 (1.12%)
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