Gold Silver Reports (GSR) – ACC Gains On Strong Q1 Earnings — Shares of the Mumbai-based cement maker rose as much as 2.96 percent to Rs 1,620 after it beat consensus Bloomberg estimates in the first quarter.
⭐ Net sales rose 15 percent to Rs 3,557 crore versus estimate of Rs 3,508 crore
⭐ EBITDA rose 18 percent to Rs 491 crore versus estimate of Rs 380 crore
⭐ Net profit advanced 15.8 percent to Rs 245.1 crore versus estimate of Rs 189 crore
⭐ ACC said increased government spending on infrastructure is expected to reinvigorate the construction sector and boost demand for cement and concrete during 2018
