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ACC Q1 Results: Profit plunges 60% to Rs 147 crore on lower sales
ACC Ltd, part of the Adani Group, reported a staggering 60.8% decline in net profit for the June quarter. This drop in profitability can be attributed to a decline in sales volume, resulting in a 7.75% decrease in revenue compared to the previous year. While higher costs impacted earnings, the company noted that premium products gained market share.
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economictimes.indiatimes.com
ACC Q1 results: Profit falls 61% YoY to Rs 147 crore as revenue, volumes decline
ACC reported a 61% YoY decline in June-quarter profit to Rs 147 crore as lower cement volumes, weaker operating margins and planned maintenance hit earnings. Revenue also fell,…
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ACC Q1 Results: Profit plunges 60% to Rs 147 crore on lower sales
ACC Ltd, part of the Adani Group, reported a staggering 60.8% decline in net profit for the June quarter. This drop in profitability can be attributed to a decline in sales…
