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Cement maker ACC Ltd on Monday reported a consolidated net loss of ₹87.35 crore for the third quarter ended September, 2022, hurt by higher fuel and power expenses. The company, which follows the January-December financial year, had posted a consolidated net profit of ₹450 crore in the year-ago period.
Net sales rose 7% to ₹3,910 crore, as against ₹3,653 crore in the corresponding quarter of the previous year, ACC said in a BSE filing.
Total expenses climbed 30% to ₹4,162 crore, compared to ₹3,204 crore earlier.
The cement maker had posted a consolidated profit after tax of ₹227 crore for the second quarter ended June, 2022. It had reported a profit of ₹396 crore in the January-March quarter (Q1FY23).
Analysts on average had expected the company to report a profit of ₹133 crore for the latest quarter, according to IBES data from Refinitiv.
Shares of the company were trading 0.64% higher at ₹2,258.00 apiece on the Bombay Stock Exchange (BSE) in afternoon deals.
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John Miller has been writing about science, gaming, and tech culture for over a decade. He’s a top-rated reviewer with extensive experience helping people find the best deals on tech and more.
