(19-Apr-2012 Hours IST)
ACC Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 19, 2012, inter alia, has approved the Amalgamation of its wholly owned subsidiary Company ACC Concrete Limited with the Company subject to necessary approvals being obtained in his behalf. ACC Ltd has informed BSE that pursuant to an Order dated October 09, 2012 of the Hon'ble High Court of Judicature at Bombay, the Company's wholly owned subsidiary Company, ACC Concrete Limited was amalgamated with the Company. The Order has been filed with the Registrar of Companies, Mumbai on October 28, 2012. (As per BSE Announcement Dated on 31.10.2012) ACC Ltd has announced the following results for the quarter & year ended December 31, 2012: 'The Audited results for the Quarter ended December 31, 2012 The Company has posted a net profit of Rs. 2392.20 million for the quarter ended December 31, 2012 whereas the same was at Rs. 4704.40 million for the quarter ended December 31, 2011. Total Income is Rs. 32456.40 million for the quarter ended December 31, 2012 whereas the same was at Rs. 26009.70 million for the quarter ended December 31, 2011. The Audited results for the Year ended December 31, 2012 The Company has posted a net profit of Rs. 10611.90 million for the Year ended December 31, 2012 whereas the same was at Rs. 13252.60 million for the Year ended December 31, 2011. Total Income is Rs. 116227.80 million for the Year ended December 31, 2012 whereas the same was at Rs. 98522.00 million for the Year ended December 31, 2011. During the quarter, the HonÆble Bombay High Court approved the scheme of amalgamation of wholly owned subsidiaries, ACC Concrete Limited on October 09, 2012, and Encore Cement and Additives Private Limited on October 05, 2012 with the Company. The appointed dates for the amalgamation were January 01, 2012 and January 01, 2011 respectively. Consequently, the results for the quarter ended December 31, 2012 includes the results of amalgamated companies w.e.f. January 01, 2012. Pursuant to these amalgamations, the figures of the current quarter and the year ended December 31, 2012 are strictly not comparable with the respective corresponding periods and preceding quarter.' The Consolidated Results are as follows: The Audited results for the Quarter ended December 31, 2012 The Group has posted a net profit after taxes, Minority Interest and Share of Profit of Associates of Rs. 2512.40 million for the quarter ended December 31, 2012 as compared to Rs. 4632.00 million for the quarter ended December 31, 2011. Total Income has increased from Rs. 27458.30 million for the quarter ended December 31, 2011 to Rs. 28340.60 million for the quarter ended December 31, 2012. The Audited results for the Year ended December 31, 2012 The Group has posted a net profit after taxes, Minority Interest and Share of Profit of Associates of Rs. 10592.80 million for the Year ended December 31, 2012 as compared to Rs. 13008.00 million for the Year ended December 31, 2011. Total Income has increased from Rs. 104282.00 million for the Year ended December 31, 2011 to Rs. 116214.70 million for the Year ended December 31, 2012. (As per BSE Announcement Dated on 07.02.2013) ACC Ltd has announced the following results for the quarter ended September 30, 2013: 'The Unaudited results for the Quarter ended September 30, 2013 The Company has posted a net profit of Rs. 1208.40 million for the quarter ended September 30, 2013 whereas the same was at Rs. 2486.70 million for the quarter ended September 30, 2012. Total Income is Rs. 26109.00 million for the quarter ended September 30, 2013 whereas the same was at Rs. 25285.40 million for the quarter ended September 30, 2012. During the quarter ended December 31, 2012, ACC Concrete Limited and Encore Cement and Additives Private Limited, the wholly owned subsidiaries were amalgamated with the Company. Consequently, results of these companies from January 01, 2012 to December 31, 2012 were included in the quarter ended December 31, 2012 and hence results for the current quarter and period ended September 30, 2013 are not strictly comparable with the respective corresponding periods.' The Consolidated Results are as follows: The Unaudited results for the Quarter ended September 30, 2013 The Group has posted a net profit after taxes, Minority Interest and Share of Profit of Associates of Rs. 1189.00 million for the quarter ended September 30, 2013 as compared to Rs. 2419.60 million for the quarter ended September 30, 2012. Total Income has decreased from Rs. 26398.00 million for the quarter ended September 30, 2012 to Rs. 26090.40 million for the quarter ended September 30, 2013. (As per BSE Announcement Dated on 23.10.2013)
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