AHMEDABAD:
Adani Group-owned cement main, ACC, on Thursday posted a 375% rise in its third quarter earnings, backed by robust demand for building supplies in addition to value hikes. The corporate posted Rs 527 crore revenue after tax in the course of the third quarter of FY 2023-24.
Ajay Kapur, complete time director and CEO, ACC, stated, “The corporate’s monetary efficiency has seen a whole turnaround within the final 12 months.Current capability additions have taken the Adani Group‘s cement capability to 77.4 MPTA. It will allow quantity and income progress on a sustainable foundation.”
The corporate’s income from operations stood at Rs 4,918.34 crore in the course of the quarter below evaluation, up 7.44% from Rs 4,577.66 crore within the corresponding quarter of FY 2022-23.
Following the outcomes, ACC’s share value stood at Rs 2,477.8 a chunk on the BSE on Thursday because the markets closed.
