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Cement maker ACC Ltd's quarterly profit more than doubled, beating analysts' expectations, helped by strong cement sales volume growth.
Profit rose to Rs 182 crore ($28 million) in the third quarter ended September 30, from Rs 89.71 crore a year earlier.
Cement sales volume rose about 18 per cent to 5.96 million tonnes in the quarter.
Sales volume growth was aided by capacity stabilisation of the Jamul plant in Chhattisgarh and the Sindri plant in Jharkhand, the company said on Tuesday.
Analysts on average had expected the company to post a profit of Rs 166 crore, according to Thomson Reuters data.
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