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

Bloomberg consensus estimates had pegged net profit at Rs 296 crore and revenue at Rs 4,390 crore for the period under review

India cement units are cooperating closely with CCI, says Holcim

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The June quarter was impacted by a moderation in demand and prices as well as elevated costs of power and pet coke, sector analysts said.

BS Reporter Mumbai

2 min read Last Updated : Jul 15 2022 | 2:25 AM IST

Cement maker ACC, which was recently acquired by the Adani group along with Ambuja Cement in a $10.5-billion deal, on Thursday reported a 60 per cent year-on-year decline in consolidated profit after tax (PAT) to Rs 227 crore for the quarter ended June 30, 2022. In the corresponding period last year, consolidated PAT stood at Rs 569 crore, its financial results show.

Bloomberg consensus estimates had pegged net profit at Rs 296 crore and revenue at Rs 4,390 crore for the period under review.

Consolidated revenue for the quarter grew 15 per cent year-on-year to Rs 4,468 crore, up from

Topics : cement companies ACC Cement Adani Group