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

18 Jul 2022 CW Team

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.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..