Adani Group-owned ACC Ltd on January 27 reported 106% jump in standalone net profit at Rs 1,089 crore for the quarter ended December 31, 2024. It reported standalone net profit of Rs 528 crore in the year-ago period.
The cement firm's standalone revenue from operations rose 6.5% to Rs 5,176 crore in Q3FY25 as compared to Rs 4,859 crore in Q3FY24.
At 3:10 pm, ACC shares were trading 3% lower at Rs 1,997 apiece.
ACC posted a 21% growth in volumes in a seasonally-weak quarter, when lack of labour hits construction activities, higher than the as much as 16% growth estimated by analysts from four brokerages.
The firm said it is expecting a rebound in cement demand in the ongoing quarter.
ACC's volumes likely benefitted from market share gains of its parent as a result of the Adani conglomerate's dealmaking spree.
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