Total revenue from operations grew 9% to Rs 3,631 cr
UltraTech had reported a two per cent decline in volumes in the third quarter of 2016-17
ACC's volumes & financial numbers bore the brunt of demonetisation, Ultratech was largely unscathed
Cement major's consolidated net sales also dipped 6.1% to Rs 2,672 cr against Rs 2,846 cr a year ago
The demonetisation move by the government took a toll on the demand for cement
Declining volumes, cost overruns impact Sept quarter performance
The sales declined 10% amid poor pricing scenario; stocks dip 4%
The stock dipped 4% to Rs 1,542 on BSE in intra-day after posted 29% fall in consolidated net profit in Q3CY16.
Shares slip 0.32% as performance slightly lower than estimates
Lower realisations dented company's profits despite 9% rise in cement sales
Despite weak realisation, company posts strong volume growth and operating performance