ACC's profit tumbles 60% in April-June, revenue rises 15%
Cement

ACC's profit tumbles 60% in April-June, revenue rises 15%

Cement manufacturer ACC, which was recently bought by the Adani group together with Ambuja Cement in a $10.5 billion deal, announced a 60 per cent year-on-year fall in consolidated profit after tax (PAT) to Rs 2.27 billion for the quarter ended June 30, 2022, on Thursday. According to its financial figures, consolidated PAT amounted to Rs 5.69 billion in the same time the previous year. For the quarter under review, Bloomberg consensus forecasts put net profit at Rs 2.96 billion and sales at Rs 43.9 billion in the previous quarter.

Consolidated revenue for the quarter increased 15 per cent YoY to Rs 44.68 billion, up from Rs 38.85 billion the previous year. On a quarterly basis, sales increased by 0.9 per cent to Rs 44.27 billion. Profit fell 42.6 per cent from Rs 3.96 billion in the preceding quarter. The corporation operates on a January-December fiscal year. According to industry analysts, the June quarter was hurt by a slowing in demand and pricing, as well as higher power and pet coke costs. Earnings before interest, tax, depreciation and amortisation (EBITDA) were Rs 4.31 billion in the June quarter, compared to a Bloomberg consensus expectation of Rs 5.02 billion. According to industry observers, the company's margins were harmed by the drop in EBITDA. EBITDA margins for the June quarter were 9.4 per cent, compared to 22.4 per cent in the same period last year, they revealed.

Cement manufacturer ACC, which was recently bought by the Adani group together with Ambuja Cement in a $10.5 billion deal, announced a 60 per cent year-on-year fall in consolidated profit after tax (PAT) to Rs 2.27 billion for the quarter ended June 30, 2022, on Thursday. According to its financial figures, consolidated PAT amounted to Rs 5.69 billion in the same time the previous year. For the quarter under review, Bloomberg consensus forecasts put net profit at Rs 2.96 billion and sales at Rs 43.9 billion in the previous quarter. Consolidated revenue for the quarter increased 15 per cent YoY to Rs 44.68 billion, up from Rs 38.85 billion the previous year. On a quarterly basis, sales increased by 0.9 per cent to Rs 44.27 billion. Profit fell 42.6 per cent from Rs 3.96 billion in the preceding quarter. The corporation operates on a January-December fiscal year. According to industry analysts, the June quarter was hurt by a slowing in demand and pricing, as well as higher power and pet coke costs. Earnings before interest, tax, depreciation and amortisation (EBITDA) were Rs 4.31 billion in the June quarter, compared to a Bloomberg consensus expectation of Rs 5.02 billion. According to industry observers, the company's margins were harmed by the drop in EBITDA. EBITDA margins for the June quarter were 9.4 per cent, compared to 22.4 per cent in the same period last year, they revealed.

Next Story
Infrastructure Energy

Adani Power To Build 2,400 MW Plant in Bihar

Adani Power on Saturday (September 13, 2025) announced plans to set up a 2,400 MW ultra super-critical power plant in Bihar at an investment of $3 billion (around Rs 26.48 billion).The company has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd (BSPGCL) to supply electricity from the project, which will be located at Pirpainti in Bhagalpur district.The PSA follows a Letter of Award issued by BSPGCL to Adani Power on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL) in August. Adani P..

Next Story
Infrastructure Energy

NTPC Plans Nuclear Power Projects Via JV and Standalone Routes

Power major NTPC is planning to develop nuclear power projects both through joint ventures and on a standalone basis, CMD Gurdeep Singh has said.The company is collaborating with nuclear technology providers and state governments to explore individual nuclear projects, Singh added.Currently, the NTPC Group has an installed capacity of 82,926 MW across 53 NTPC-owned stations and 53 joint venture or subsidiary stations, drawing power from coal, liquid fuel, hydro, and solar sources.In December 2024, Singh had announced NTPC’s ambitious plan to enter the nuclear energy sector, a move expected t..

Next Story
Infrastructure Transport

RVNL Wins $21.6 Million Bhopal Division Traction Substation

Rail Vikas Nigam (RVNL) has been declared the lowest bidder for a $21.6 million traction substation contract awarded by the West Central Railway.The project covers the design, modification, supply, erection, testing, and commissioning of a 220/132kV/2×25kV Scott-connected traction substation, switching posts, Auto-Transformer installations, and Supervisory Control and Data Acquisition (SCADA) systems in the Bina–RTA section of the Bhopal Division. The execution period is set at 540 days.In a regulatory filing, RVNL stated that the order was secured in the ordinary course of business and doe..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?