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Associated Cement Companies (ACC) today reported a consolidated net profit of Rs 411.79 crore for the second quarter ended June 30, 2006 when compared with Rs 148.95 crore in Q2FY06.
According to a release issued by the company to the BSE today, total income increased to Rs 1,493.88 crore from Rs 1,242.61 crore in Q2FY06.
"During the previous period, the company divested certain non core business - divestment of refractory business w.e.f. September 30, 2005 and divestment of stake in Everest Industries (EIL) erstwhile subsidiary w.e.f. October 14, 2005. Hence, the results are not comparable," the release added.
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