ACC Ltd net profit declines 40.55% to Rs 280.85 cr for Q4 FY22

11 Feb 2022 CW Team

On Wednesday, Cement maker ACC Ltd registered a 40.55% drop in its consolidated net profit to Rs 280.85 crore for the fourth quarter ended on December 31, 2021.

The firm, which follows the January-December financial year cycle, had registered a profit of Rs 472.44 crore in the October-December quarter a year back.

ACC is a subsidiary of Swiss building material giant Holcim group. Its total income from work during the quarter under review was at Rs 4,225.76 crore, increased by 1.95% as against Rs 4,144.72 crore in a similar period of the last year.

On Wednesday, shares of ACC Ltd touched Rs 2,310.05 on the Bombay Stock Exchange (BSE), increasing by 0.23% as against the previous close.

In the October-December 2021 quarter, ACC's earnings before interest and taxes (EBIT) stood at Rs 396 crore due to adverse input inflation. However, it was partly offset due to strong cost savings, said ACC Ltd in a post-earnings statement.

Its total expenses stood at Rs 3,842.83 crore, up 2.53 % in Q4 of 2021 compared to Rs 3,747.64 crore a year ago.

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