ACC’s net profit grows by 38% in Q4 FY19
ACC reported a growth of 38 per cent in its net profit during the quarter ending March 2019. Its profit after tax (PAT) stood at Rs 346.02 crore in Q4 FY19 as against Rs 250.39 crore it recorded in the corresponding quarter last year.
The company’s total income was Rs 4,075 crore in Q4 FY19 as against Rs 3,671.95 crore in the similar quarter previous year.
Its ready mix business volume registered a growth of 19% during the said quarter. “The company’s ready mix concrete business continues to deliver robust growth. Volumes of ready mix concrete grew strongly at 19% and volumes of value added solutions (VAS) also grew significantly in Q4 FY19 year-on-year,” it said in a media release.