ACC in its third quarter announced a decline in sales volume for cement and a fall in net profits, with cement sales down 9.1% to 5.45 million tonnes this Q3FY17 compared to the previous year's quarter, with concrete sales slightly up. 

The company saw net profits take a hit this quarter, down 45% YoY to Rs. 56 crore. The company however expects an industry-wide growth wave to boost up its fortunes going forward, with increased government spending earmarked for infrastructure  and housing in the Union Budget likely to boost demand for cement and concrete.