ACC Q1 net zooms 69%

Associated Cement Companies (ACC) today announced a 69.33% increase in consolidated net profit at Rs 146.95 crore for the first quarter ended June 30, 2005 as against Rs 86.78 crore in Q1FY05.

According to a release issued by the company to the BSE today, total income increased to Rs 1,251.37 crore in Q1FY06 from Rs 1,059.10 crore in Q1FY05.

The company, on a stand-alone basis, posted a net profit of Rs 139.36 crore in Q1FY06 as against Rs 81.23 crore in Q1FY05. Total income increased to Rs 1,169.76 crore in Q1FY06 from Rs 937.11 crore in Q1FY05, the release added.

The stock has moved up 2% (Rs 9) to Rs 430.