ACC's shares gain 4% after strong Q3 performance
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MUMBAI, Oct. 20 -- Shares of ACC Ltd gained as much as 3.79% after the cement major's consolidated net profit rose 20.26% to Rs.363.85 crore, and net sales increased 0.26% to Rs.3,537.31 crore in the September quarter.
At 11:35 am, ACC Ltd was trading at Rs.1,577.35 up 0.93% from its previous close, while the benchmark index, Sensex rose 0.56% to 40,657.29.
Consolidated profit before tax (PBT) grew by nearly 22% year-on-year to Rs.540.67 crore in Q3 September 2020 as against Rs.443.49 in Q3 September 2019. The result was announced after market hours.
Operating earnings before interest, tax, depreciation and amortization (EBITDA) increased 20.47% to Rs.671 crore in Q3 September 2020 over Q3 September 2019. Operating EBITDA margin rose b...
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