ACC quarterly profit dips 10.86 percent

Mumbai : Cement major ACC Ltd Tuesday reported a 10.86 percent decline in its net profit for the quarter ended May 31, which stood at Rs. 350.17 crore as against Rs. 392.9 crore for the corresponding period of last year, mainly due to increased input and transportation costs.

"While the company's operations benefited from better volumes, realisations remained challenged by steep escalations in input costs," the company said in a regulatory filing.