2nd Quarter Results

RNS Number:4346G
Associated Cement Companies Ld(The)
19 July 2006

PRESS RELEASE

THE ASSOCIATED CEMENT COMPANIES LTD.

2nd Quarter (April-June 2006) Results (Consolidated )

Quarter Quarter Growth
Apr-June 2006 Apr-June-2005 ( % )

Sales Volume Million Tonnes 4.63 4.44 4.3

Sales Turnover Rs. Crore 1477.47 1216.17 21.5

Profit Before Exceptional items and Rs. Crore 406.77 196.45 107.1
Tax

Net Profit Rs. Crore 411.79 148.95 176.5

The company sold 4.63 million tonnes of cement as compared to 4.44 million
tonnes during April-June-05, an increase of 4.3%. Turnover is up by 21.5 % at
Rs. 1477.47 crore during the quarter as compared to Rs. 1216.17 crore during
April-June-2005.

Improved realization and volume as offset by increase in cost of inputs has
resulted in higher profit before interest, depreciation, exceptional items and
tax at Rs. 482.08 crore during the quarter as compared to Rs. 277.29 crore for
the quarter April-June-2005-up by 73.9%.

Profit Before exceptional items and Tax for the quarter-(April-June 06)
increased to Rs.406.77 crore as compared Rs. 196.45 crore during quarter
April-June-2005 - up by 107.1 %. Profit After Tax for the quarter
(April-June-06) increased to Rs.411.79 crore as compared Rs. 148.95 crore
during quarter April-June-2005 - up by 176.5 %.

During the current quarter the company realized Rs.140.20 crore from sale of
land and Rs. 38 crore from sale of Mancherial cement works.

New Projects/Modernisation

The projects at Lakheri for expansion of capacity and setting up 25 MW Captive
Power Plant are progressing as scheduled. The Company is taking up expansion
of Bargarh cement works from 0.96 MTPA to 2.14 MTPA and setting up a 30 MW
Captive Power Plant at a capital outlay of Rs.537 crore.

-2-

Outlook

The cement industry recorded a growth rate of about 9.44% during the calendar
year 2005 as compared to 8.27% for the previous period. During the half year
Jan-June 2006, it grew around 12.2 % as compared to 10.5 % for the corresponding
period of previous year. With the continued emphasis by the Government on
infrastructure sectors and housing sector, the demand for cement is expected to
remain strong.

( M.L.Narula )
Managing Director

Mumbai - July 19, 2006

This information is provided by RNS
The company news service from the London Stock Exchange
END

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