ACC Q1 net at Rs 231cr

Associated Cement Companies (ACC) today reported a consoldiated net profit of Rs 231.34 crore for the first quarter ended March 31, 2006 as against Rs 182.24 crore in Q1FY05.

According to a release issued by the company to the BSE today, total income stood at Rs 1,389.91 crore as against Rs 1,226.19 crore for the quarter ended March 31, 2005.

"Everest Industries has ceased to be a subsidiary from October 14, 2005. The results of quarter ended March 31, 2006 includes figures of erstwhile Bargarh Cement and Damodhar Cement & Slag, which were merged with the company with effect from April 1, 2005. The company has divested its refractory business as of September 30, 2005. Accordingly, the results for the quarter ended March 31, 2005 are not comparable," the release added.