Indian cement manufacturer ACC LTD (BSE:500410) has reported a 10.87 per cent dip in consolidated net profit for the January-March quarter of the current year to Rs 350.17 crore (US$78.88 million) on higher input and transport costs. "While the company's operations benefited from better volumes, realisation remained challenged by steep escalations in input costs," ACC said in a statement.
"Manufacturing costs rose sharply as a result of increases in cost of energy and raw material like fly ash and slag. Coal became dearer both in domestic and international markets. Transport costs also suffered inflation," ACC said.
Sales turnover of the company rose to Rs 2,556.21 crore during the January-March quarter of the current year against Rs 2,240.33 crore in the corresponding quarter last year