The company announced Q1 results after market hours on Friday, 3 May 2013.
Meanwhile, the BSE Sensex was up 50.25 points, or 0.26%, to 19,625.89.
On BSE, 11,000 shares were traded in the counter as against an average daily volume of 25,005 shares in the past one quarter.
The stock hit a high of Rs 1,244.90 and a low of Rs 1,232.45 so far during the day. The stock had hit a record high of Rs 1,514.95 on 15 October 2012. The stock had hit a 52-week low of Rs 1,105.05 on 4 June 2012.
The stock had outperformed the market over the past one month till 3 May 2013, rising 6.06% compared with the Sensex's 4.12% rise. The scrip had, however, underperformed the market in past one quarter, sliding 6.82% as against Sensex's 1.04% fall.
The large-cap company has an equity capital of Rs 187.75 crore. Face value per share is Rs 10.
ACC's consolidate earnings before interest, taxation, depreciation and amortization (EBITDA) declined 24.09% to Rs 491.57 crore in Q1 March 2013 over Q1 March 2012.
Despite lower EBITDA, net profit jumped by 189.2% year-on-year in Q1 March 2013 due to recognition of additional depreciation charge of Rs 335.38 crore in Q1 March 2012 and write back of tax provision of Rs 140.83 crore in Q1 March 2013.
ACC said that the demand for cement in the first quarter of the year is usually expected to be robust. However, this year the industry did not witness the normal seasonal pattern on account of an overall slowdown in infrastructure and general construction segments, the company said. The slackening of demand also saw subdued realizations, ACC said in a statement.
ACC said that the company's on-going improvement programme aimed at achieving cost leadership and delivering enhanced customer value has contributed particularly in the areas of manufacturing, sales, logistics and procurement processes. This helped the company to contain much of the inflationary pressures on the costs of its major inputs and transportation, ACC said in a statement.
ACC manufactures cement and ready mixed concrete. Switzerland's Holcim held 50.01% in ACC (as per the shareholding pattern on 31 March 2013).
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