ACC Q1 results: Net profit falls 22.5% to Rs 361 crore

The company had reported a PAT of Rs 466 crore in the year-ago period.

Cement maker ACC on July 29 said its consolidated profit after tax (PAT) fell 22.5 percent to Rs 361 crore the first quarter of financial year 2024-2025 as sales missed

The company had reported a PAT of Rs 466 crore in the year-ago period.

Revenue from operations also slipped to Rs 5,154.89 crore in the June quarter as compared with Rs 5,201.11 crore in the year-ago period, the Adani Group-owned cement manufacturer said in a regulatory filing.

The company's Q1 operating EBITDA came at Rs 679 crore and margin stood at 13.2 percent.
Operating cost improved by 7 percent YoY at Rs 4,377 PMT. Cash and cash equivalent at Rs 2,747 crore.

Commenting on the results, Ajay Kapur, CEO – Cement Business, Adani Group, said, “ACC’s performance strengthens our drive to consistently stay a frontrunner in the industry. Our performance this quarter exemplifies our efficiency and agility. Our strategic decisions, customer-centric approach, and operational excellence continue to drive growth. As we move forward, we remain committed to delivering value to our stakeholders in a sustainable manner.”

Shares of ACC today closed 0.14 percent lower at Rs 2,610 apiece on BSE.

Billionaire Gautam Adani’s big-bang entry into cement with the $10.6- billion acquisition of India’s second-biggest cement business (Ambuja Cement and ACC) from Holcim Group of Switzerland last year marked the arrival of an aggressive challenger in the cement industry.