ACC, a leading cement manufacturer, witnessed a fall in share price on Monday after the company reported a sharp drop in consolidated net profit for the quarter ended June 2015. During the quarter, the profit of the company declined 45.11% to Rs 1,334.60 million from Rs 2,431.50 million in the same quarter last year.
Revenues for the quarter declined marginally 1.46% to Rs 30,152.90 million, compared with Rs 30,598.50 million for the prior year period.
Shares of ACC are trading at Rs 1,444.45, down Rs 39.65, or 2.67% at the Bombay Stock Exchange (BSE) on Monday at 10:25 a.m.
The scrip has touched an intra-day high of Rs 1,453.75 and low of Rs 1,433.25. The total volume of shares traded at the BSE is 30,824.