Holcim's Indian units fall on non-operational boost in earnings
Apr 25 2014 , Mumbai
ACC falls 2.8 percent even after reporting on Thursday March-quarter net profit of 3.99 billion rupees ($65.35 million), above consensus forecasts for 3.37 billion rupees.
But dealers worry about the impact from other income, which jumped 154 percent to 1.08 billion rupees from a year earlier.
Ambuja Cement is down 2.7 percent after the company reported on Friday a forecast-beating 6.6 percent rise in quarterly profit from a year earlier.
Ambuja's net profit was helped after other income rose by 53.2 percent to 1.32 billion rupees from a year earlier, according to company's filing.
Ambuja's shares had initially risen 1 percent to a record high of 221 rupees.