New Delhi, Feb 9 (PTI) Cement maker ACC Ltd on Wednesday reported a 40.55 per cent decline in its consolidated net profit to Rs 280.85 crore for the fourth quarter ended on December 31, 2021.

The company, which follows the January-December financial year cycle, had posted a profit of Rs 472.44 crore in the October-December quarter a year ago.

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ACC is a subsidiary of Swiss building material major Holcim group.

Its total revenue from operations during the quarter under review was at Rs 4,225.76 crore, up 1.95 per cent compared to Rs 4,144.72 crore in the corresponding period of the last year.

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Shares of ACC Ltd on Wednesday settled at Rs 2,310.05 on the BSE, up 0.23 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)