Press Release Q-3 2006

RNS Number:7329K
ACC Limited
19 October 2006

PRESS RELEASE

ACC Limited

( Formerly The Associated Cement Companies Ltd.)

( 3rd Quarter (July-September 2006) Results (Consolidated )

Quarter Quarter Growth
July-Sept 2006 July-Sept-2005 ( % )

Sales Volume Million Tonnes 4.27 3.94 8.4

Sales Turnover Rs. Crore 1391.55 1067.08 30.4

Profit Before Exceptional items and Rs. Crore 315.66 112.83 179.8
Tax

Exceptional Items (Net of Tax) Rs. Crore 0.09 132.22

Net Profit Rs. Crore 225.27 224.74 -

The company sold 4.27 million tonnes of cement as compared to 3.94 million
tonnes during July-September-05, an increase of 8.4%. Turnover is up by 30.4 %
at Rs. 1391.55 crore during the quarter as compared to Rs. 1067.08 crore during
July-September-2005.

Improved realization and volume as partially offset by increase in cost of
inputs has resulted in higher profit before interest, depreciation, exceptional
items and tax at Rs. 391.16 crore during the quarter as compared to Rs. 191.47
crore for the quarter July-September-2005-up by 104.3%.

Profit before exceptional items and Tax for the quarter-(July-September 06)
increased to Rs.315.66 crore as compared Rs. 112.83 crore during quarter
July-September-2005 - up by 179.8 %.

Profit after tax for the quarter (July-September-06) has improved by 143.5% as
compared to corresponding previous period after excluding exceptional items of
Rs.174.24 crore ( Rs.132.22 crore net of tax).

-2-

New Projects/Modernisation

The projects for Lakheri expansion of capacity with 25 MW Captive Power Plant
and Bargarh expansion with 30 MW Captive Power Plant are progressing as
scheduled.

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 nine months
Jan-September2006, it grew around 11.9 % as compared to 9.5 % for the
corresponding period of previous year. The economy has recorded robust growth in
the current year which is expected to give further impetus to cement demand
growth.

(M.L.Narula)
Managing Director

Mumbai - October 19, 2006

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