Adani Group’s ACC Reports 4% Revenue Growth in Q2 FY25

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Adani Group’s ACC Reports 4% Revenue Growth in Q2 FY25

| Updated: October 24, 2024 21:55

ACC Ltd, the cement giant led by the Adani Group, reported a 4.03 per cent year-on-year (YoY) increase in revenue from operations for the July-September quarter (Q2) of FY25. Revenue rose to Rs 4,613.52 crore, up from Rs 4,434.73 crore in the same period last year due to the strong demand for high-quality cement across markets.

However, the company experienced a 48.52 per cent decline in consolidated profit after tax (PAT) for the quarter, with profits falling to Rs 199.66 crore, compared to ₹387.85 crore in Q2 FY24. Despite this dip, ACC remains focused on operational excellence and innovation.

The company’s operating EBITDA (earnings before interest, taxes, depreciation, and amortisation) for the quarter was Rs 436 crore, with a margin of 9.5 per cent, reflecting steady performance despite a challenging market environment.

Ajay Kapur, Whole Time Director & CEO of ACC, said, “Our performance in Q2 reinforces our standing as a frontrunner in the cement industry. Our financial results this quarter – fuelled by higher volumes, cost optimization, increasing efficiencies, and agility – build the momentum for our growth strategy for FY’25 and beyond. Our growth is being driven by robust demand for high-quality cement products across all markets, as well as our continuous efforts to optimise operations and lead on all ESG parameters. 

Further bolstering its financial position, ACC’s cash and cash equivalents stood at Rs 2,921 crore for the quarter, and its net worth increased to Rs 16,725 crore. Additionally, the company’s earnings per share (EPS) came at Rs 10.5 for the period.

Despite a 0.71 per cent decline in ACC’s share price, last trading at Rs 2,241.10, the company’s solid fundamentals and focus on operational efficiency keep it well-positioned for future growth.

“Our leadership status is highlighted in our drive for operational excellence supported by innovation, sustainability, and a customer-centric approach. We continue to deliver strong value for our stakeholders as we aim for sustained profitability through our competitive advantage,” he remarked. 

This quarter demonstrates ACC’s resilience as it navigates market challenges while delivering steady revenue growth, strengthening its financial base and maintaining leadership in the cement sector.

Also Read: Adani Wilmar Posts Rs 311 Cr Q2 Profit on Stronger Revenue 

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