India's ACC Q1 profit beats estimates on higher cement sales volume

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April 21 (Reuters) - India'sACC Ltd <ACC.NS>, a unit of the
world's largest cement maker, Lafargeholcim Ltd <LHN.S>,
reported a 9 percent fall in its first-quarter net profit, but
beat analysts' expectations, helped by stronger cement sales
    Consolidated net profit fell to 2.11 billion rupees ($32.67
million) for the quarter ended March 31, from 2.32 billion
rupees a year earlier, the company's third profit drop in four
quarters. (
    Total revenue from operations grew 9 percent to 36.31
billion rupees.
    Analysts on average were expecting a profit of 1.62 billion
rupees, according to Thomson Reuters data.
    Sales volume at the company's cement segment rose 4 percent
in the quarter as impact from government's move to withdraw
high-denomination notes declined, the company said.

($1 = 64.5950 Indian rupees)

 (Reporting By Arnab Paul in Bengaluru; Editing by Sunil Nair)
 ((; +91 8067491310; Reuters


This article appears in: Fundamental Analysis , World Markets , Stocks , Economy , Earnings
Referenced Symbols: ACC , LHN

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