ACC Q4 earnings beat estimates; doubles profit to Rs 206 crore


New Delhi, Feb 8: ACC, one of the largest cement makers in India, showed healthy performance in October-December quarter as profit more than doubled to Rs 205.7 crore from Rs 90.9 crore in last quarter of 2016. The growth, which was ahead of CNBC-TV18 poll of Rs 190 crore, was driven by strong operational as well as sales performance.
Revenue from operations in Q4 grew by 29.5 percent to Rs 3,494.2 crore, compared to Rs 2,697.3 crore in year-ago.