+
ACC net profit Q3 FY22: 24% jump in net profit at Rs 450.21 crore
Real Estate

ACC net profit Q3 FY22: 24% jump in net profit at Rs 450.21 crore

ACC has recorded a 24% rise in its net consolidated profit during the quarter ended September 2021.

It reported a profit after tax (PAT) of Rs 450.21 crore in Q3 2021 compared to Rs 363.85 crore it recorded in the similar quarter previous fiscal, the firm said in a BSE filing.

The firm's total income reached Rs 3,812.31 crore in Q3 2021, a jump of 6% from Rs 3,582.82 crore it reported in the corresponding quarter last year.

ACC told the media that it is committed to decreasing Scope 1 GHG emissions 21.3% per ton of cementitious material by 2030 from a 2018 base year and Scope 2 GHG emissions by 48.4% per ton of cementitious material within the same period.

Sridhar Balakrishnan, the firm's managing director and CEO, told the media that ACC has registered reliable performance during the quarter through operational perfection and focus on sustainability while satisfying customers’ requirements. It is a pledge towards the 2030 intermediate goals to decrease greenhouse gas emissions, as approved by the Science Based Target initiative (SBTi).

Net sales during the quarter rose to Rs 3,653 crore, a jump of 5% from Rs 3,468 crore registered in the previous year. Income from ready-mix concrete reached Rs 305.07 crore in Q3 2021, compared to Rs 196.57 crore in the preceding financial year. Ready-mix concrete sales rose by 46% YoY in the stated quarter.

Image Source


Also read: ACC’s profit in the first quarter of FY22 up by 74%

ACC has recorded a 24% rise in its net consolidated profit during the quarter ended September 2021. It reported a profit after tax (PAT) of Rs 450.21 crore in Q3 2021 compared to Rs 363.85 crore it recorded in the similar quarter previous fiscal, the firm said in a BSE filing. The firm's total income reached Rs 3,812.31 crore in Q3 2021, a jump of 6% from Rs 3,582.82 crore it reported in the corresponding quarter last year. ACC told the media that it is committed to decreasing Scope 1 GHG emissions 21.3% per ton of cementitious material by 2030 from a 2018 base year and Scope 2 GHG emissions by 48.4% per ton of cementitious material within the same period. Sridhar Balakrishnan, the firm's managing director and CEO, told the media that ACC has registered reliable performance during the quarter through operational perfection and focus on sustainability while satisfying customers’ requirements. It is a pledge towards the 2030 intermediate goals to decrease greenhouse gas emissions, as approved by the Science Based Target initiative (SBTi). Net sales during the quarter rose to Rs 3,653 crore, a jump of 5% from Rs 3,468 crore registered in the previous year. Income from ready-mix concrete reached Rs 305.07 crore in Q3 2021, compared to Rs 196.57 crore in the preceding financial year. Ready-mix concrete sales rose by 46% YoY in the stated quarter. Image SourceAlso read: ACC’s profit in the first quarter of FY22 up by 74%

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code