ACC shares gain over 4% after company reported 45% jump in net profit in September quarter

New Delhi: Shares of cement maker ACC on Wednesday jumped over 4 percent after it reported a 44.66 percent rise in consolidated net profit for the third quarter ended 30 September, 2019. [caption id=“attachment_4433821” align=“alignleft” width=“380”] Representational image. Reuters[/caption] It climbed 4.07 percent to Rs 1,559.90 on the BSE. On the NSE, it gained 4.13 percent to Rs 1,560. ACC on Tuesday reported a 44.66 percent rise in consolidated net profit at Rs 302.56 crore for the third quarter ended 30 September, 2019. The company had posted a net profit of Rs 209.14 crore in the corresponding period of the previous fiscal, ACC said in a BSE filing. Consolidated net sales stood at Rs 3,464.43 crore for the period under review as against Rs 3,363.96 crore for the same period year ago.