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

30 Jul 2026

AI: The New Recruit

From getting ideas to evaluating designs, presenting concepts to clients and tracking projects, artificial intelligence (AI) is helping architects work better and faster.“AI allows architects to spend more time doing what only they can do: think critically, synthesise complexity and design with intent,” says Dikshu C Kukreja, Managing Principal, CP Kukreja Architects. “Every minute reclaimed from repetitive processes can be invested in creativity, contextual understanding, interdisciplinary collaboration and innovation – the qualities that define meaningful architecture.”To read the ..

Redevelopment 2.0

In 2017, Mumbai identified 160,000 ageing buildings due for structural audit. Close to half of these were in the Western Suburbs. Redeveloping the oldest and structurally weakest of these would help unlock new housing, much needed given the city’s growing population density and constant developed area of 437.7 sq km. At 30,600 people per sq km in 2024, Mumbai’s density was almost thrice that of Gurugram, and 60 per cent higher than Bengaluru’s.Essentially, Mumbai’s realty market has demand. It has capital. It has realty development potential.Fast forward to 2026. Mumbai has 1,094 regis..

Cost intelligence will become a strategic contributor to project success

As India's construction industry accelerates its digital transformation, integrated platforms, AI and connected data are becoming essential to improving cost certainty, project efficiency and sustainability. Ravi Kumar, Sales Director – India, RIB Software India, shares how digital workflows are reshaping project planning, commercial management and decision-making across the construction value chain.India's construction sector is embracing digital technologies at an unprecedented pace. From your perspective, what are the biggest shifts driving this transformation and how is RIB Software enab..