New Delhi, Apr 19 (PTI) Cement maker ACC Ltd on Tuesday reported a 29.5 per cent decline in its consolidated net profit at Rs 396.33 crore for the first quarter ended March, 2022.

The company, which follows the January-December financial year cycle, had posted a profit of Rs 562.59 crore in the same period a year ago, said ACC, a subsidiary of Swiss building material major Holcim group (Earlier LafargeHolcim), in a regulatory filing.

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However, its total revenue from operations during the January-March quarter under review was up 3.13 per cent to Rs 4,426.54 crore, as against Rs 4,291.97 crore of the corresponding period a year ago.

ACC's total expenses were at Rs 3,956.37 crore, up 10.32 per cent in Q1 of 2022, as against Rs 3,586.19 crore a year ago.

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Shares of ACC Ltd on Tuesday settled at Rs 2,057.90 on the BSE, down 4.44 per cent from the previous close.

(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)