New Delhi, July 20 (PTI) Cement maker ACC Ltd on Monday reported a 40.53 per cent decline in consolidated net profit to Rs 270.95 crore for the quarter ending June, impacted by decline in sales during the lockdown.

The company, which follows January-December financial year, had posted a profit of Rs 455.68 crore in the same quarter a year ago, ACC said in a BSE filing.

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Its total revenue from operations was down 37.29 per cent to Rs 2,602.24 crore during the quarter under review as against Rs 4,149.82 crore in the year-ago period.

ACC's total expenses in April-June quarter of 2019 were at  Rs 2,252.62 crore, down 36.25 per cent, as against Rs 3,533.55 crore in the year-ago period.

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Its revenue from cement was down 33.59 per cent to Rs 2,550.99 crore as against Rs 3,841.39 crore of the corresponding quarter. Ready Mix Concrete was down  82.87 per cent to Rs 62.63 crore as against Rs 365.82 crore. 

Shares of ACC Ltd on Monday settled at Rs 1,330.05 on BSE, up 1.09 per cent from BSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)