ACC declines on reporting 9% fall in Q1 consolidated net profit

ACC is currently trading at Rs. 1298.90, down by 48.85 points or 3.62% from its previous closing of Rs. 1347.75 on the BSE. The scrip opened at Rs. 1340.00 and has touched a high and low of Rs. 1345.00 and Rs. 1290.00 respectively. So far 26590 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1402.35 on 10-Apr-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. 1366.25 and Rs. 1290.00 respectively. The current market cap of the company is Rs. 24300.82 crore. The promoters holding in the company stood at 50.30% while Institutions and Non-Institutions held 32.86% and 16.84% respectively. ACC has posted a fall of 8.90% in its net profit at Rs 398.73 crore for the quarter ended March 31, 2014 as compared to Rs 437.70 crore for the same quarter in the previous year. However, total income of the company has increased marginally by 2.63% at Rs 3133.95 crore for quarter under review as compared to Rs 3053.50 crore for the quarter ended March 31, 2013. On consolidated basis, the company has reported 8.77% fall in its net profit after taxes and minority interest and share of profit of associate at Rs 399.85 crore for the quarter ended March 31, 2014 as compared to Rs 438.29 crore for the same quarter in the previous year. Total income of the group has gained 2.68% at Rs 3134.82 crore for quarter under review as compared to Rs 3052.89 crore for the quarter ended March 31, 2013.