Acc Results

Ambuja Cements, ACC receive lukewarm response from public shareholders

The response was poor as the current market price is far above the open offer price, bankers said

Ambuja Cements Q1 net profit falls 14% to Rs 752 crore, sales up 15%

Consolidated net sales rose 15.1 per cent to Rs 7,943 crore in the April-June period versus the same period last year

Ambuja Cement Q2CY22 results: A look at figures for the last four quarters

This will be the first result announcement by the company since it was acquired by the Adani group in May 2022

Q1 impact: Mindtree eyeing 23% upside; HDFC Bank faces hurdle, charts show

Shares of Mindtree seem fairly placed and can rally up to 23 per cent, while ACC, HDFC Bank and ICICI Prudential Life need to conquer key levels for a fresh rally to emerge.

ACC June quarter net profit down 60% to Rs 227 cr; revenue rises 15%

Cement maker ACC Ltd on Thursday reported 60.07 per cent decline in consolidated net profit at Rs 227.35 crore for the second quarter ended June 30, 2022. The company, which follows January-December financial year, posted a profit of Rs 569.45 crore in April-June a year ago, ACC said in a BSE filing. Total revenue from operations during the quarter under review was Rs 4,468.42 crore as against Rs 3,884.94 crore in the year-ago period. Total expenses were at Rs 4,221.74 crore as compared with Rs 3,175.47 crore earlier. Shares of ACC on Thursday settled at Rs 2,154.50 apiece on the BSE, down 0.83 per cent from the previous close.

ACC Q1 net profit dips 29.5% to Rs 396 cr, revenue rises 3% to Rs 4,426 cr

The company, which follows the January-December financial year cycle, had posted a profit of Rs 562.59 crore in the same period a year ago, said ACC

Stocks to watch: TechM, ACC, Nestle India, 5paisa, Caplin Point, ICICI Pru

Ace investor Ashish Kacholia increased stake in Caplin Point from 1.08 per cent as of December 2020 to 1.16 per cent as of March 2021

Strong realisation, cost saving lift ACC's Q3 show; sales at year-ago level

The robust Q3 operating performance that was ahead of expectations is driving upgrades in earnings and target prices

ACC rises 4% post September quarter results; other cement stocks rally too

ACC said the efficiency and cost reduction drove Ebitda margin expansion by 328 basis points during the quarter

Firm realisations, cost control boost ACC's performance in June quarter

Valuation of 7.6x its CY21 EV/Ebitda and EV/tonne of $79 appears attractive

ACC's strong operating performance lifts sentiment amid Covid-19 lockdown

Despite the lockdown impacting volumes, lower costs drove earnings and beat expectations

ACC stock gains over 3.6% post-March quarter results; turns flat later

ACC's volumes were down 13 per cent YoY to 6.56 million tonnes due to the shutdown of operations from March 24, 2020

ACC delivers a decent performance amid demand and liquidity challenges

The operating performance should see some benefits from decling raw material costs, however demand recovery holds key for significant upside

ACC stock gains nearly 13% on bourses as unit profit hits multi-year high

Better than expected realisation and operational efficiencies helped boost the operating profit to about Rs 813 a tonne, the highest in five years

ACC: Profitability drives Q1 numbers; stock closes flat at Rs 1,591

Healthy volume growth, better realisations helped the company report higher profit per tonne

ACC Q4 net surges 126% to Rs 2 bn; recommends dividend of Rs 15 per share

Analysts on average had expected the company to post a profit of Rs 1.85 billion

ACC's strong operating performance in Q2 could lift sentiment

Improving operating profit despite rising costs should push up Street's confidence