ACC reports 9% fall in Q1 consolidated net profit

ACC has reported results for first quarter ended March 31, 2014. The company 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.