Adani-owned ACC Ltd on April 24 reported 20% decline in consolidated net profit in March quarter at Rs 751 crore as against Rs 943 crore in the year-ago period as higher expenses outweighed rising sales volumes in a seasonally strong quarter.
The cement firm declared dividend of Rs 7.5 per share for FY25. June 13 has been fixed as the record date for the dividend and it shall be paid before July 1.
The firm's consolidated revenue rose 13% to Rs 5,992 crore in Q4FY25 as against Rs 5,317 crore in Q4FY24.
Vinod Bahety, Whole Time Director & CEO, ACC, said, “As We conclude this FY, ACC stands stronger, more agile and future ready. This year has been marked by strategic milestone that reinforce our position as a leader in the Indian cement industry. Our capacity expansion initiatives including the commissioning of new grinding units supported by debottlenecking and modernisation, are aligned with growing infrastructure and booming demand of the nation."
Its sales volumes rose 14% on-year. However, total expenses, the bulk of which is raw material costs, rose 12.7% for the quarter.
At 3:25 pm on April 24, ACC Ltd shares were trading 0.64% higher at Rs 2,065 apiece.
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