Indian cement producer ACC Ltd reported a surprising loss for the September quarter on Monday, hurt by higher fuel and power costs.
The company’s standalone loss was 910.9 million Indian rupees ($11.05 million) for the three months ended September 30, compared to a profit of 4.49 billion rupees a year ago.
Analysts had expected on average the company to report profit of rupees 1.33 billion for the last quarter, according to IBES data from Refinitiv. ($1 = 82.4025 Indian rupees)
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