ACC Q2 Results: Profit falls 48% YoY to Rs 200 crore
ACC Ltd on Thursday reported a 48% year-on-year (YoY) fall in its consolidated net profit at Rs 200 crore in the second quarter. The same stood at Rs 388 crore in the last year quarter.
Revenue from operations increased 4% YoY to Rs 4,614 crore.
The revenue growth, which was the highest in the second quarter over the last five years, was driven by higher trade sales volume and premium products as a percentage of trade sales at 36%.
«Our performance in Q2 reinforces the standing as a frontrunner in the cement industry. The financial results this quarter – fuelled by higher volumes, cost optimization, increasing efficiencies, and agility – build the momentum for our growth strategy for FY’25 and beyond,» said Ajay Kapur, Whole Time Director & CEO, ACC.
Operationally, the sales volume (clinker and cement) recorded a growth of 15% YoY at 9.3 million tons, supported by an increase in trade volumes and higher premium product volumes.
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