ACC today reported a 54.51% increase in net profit at Rs 363.75 crore for the first quarter ended March 31, 2007 when compared with Rs 235.42 crore in Q1FY06.According to a release issued to the BSE today, total income moved up to Rs 1,703.22 crore for the quarter ended March 31, 2007 from Rs 1,375.75 crore in the quarter ended March 31, 2006.