ACC Limited, part of the Adani Group, announced strong financial results for the October-December 2024 quarter, with revenue reaching ₹5,927.3 crore, marking a 20.6% increase from ₹4,914 crore in the same period last year. This is the highest Q3 revenue the company has achieved in the last five years, driven by an 11% rise in trade sales volume and a 32% share of premium products in trade sales.
Net profit for the quarter more than doubled to ₹1,091.8 crore, compared to ₹537.7 crore in Q3 FY24, fueled by volume growth, cost optimization, and improved operational efficiency. EBITDA for the quarter stood at ₹1,115.7 crore, reflecting a 23.4% year-on-year increase, up from ₹904.3 crore in the same period last year. The EBITDA margin improved slightly to 18.8% from 18.4%.
The company reported a 21% increase in volumes, driven by higher trade and premium product sales, which helped maintain its market leadership. ACC also optimized its fuel basket, reducing kiln fuel costs by 10% and lowering logistics costs by 9% through enhanced efficiencies.
Cash reserves at the end of the quarter were ₹2,526 crore, and the company’s net worth reached ₹17,816 crore, an increase of ₹1,091 crore from the previous quarter. Looking ahead, ACC expects demand to pick up in Q4 FY25, supported by a rebound in construction activities in infrastructure and housing. The company anticipates cement demand will grow by 4-5% for the full fiscal year, with government infrastructure spending further boosting the sector.
ACC Limited, a subsidiary of Ambuja Cements and part of the Adani Group, is a leading name in India’s cement and ready-mix concrete industry. As a member of the diversified and rapidly growing Adani portfolio, ACC operates 20 cement manufacturing facilities, over 99 concrete plants, and a nationwide distribution network to cater to a broad customer base. The company’s world-class R&D Centre and focus on innovation and technology ensure the delivery of superior-quality building materials, making it a trusted brand in the construction sector.
Established in 1936, ACC has consistently earned recognition for its excellence and reliability. It was named India’s Most Trusted Cement Brand in the Brand Trust Report 2024 by TRA Research and ranked among the ‘Iconic Brands of India 2024’ by The Economic Times for the third consecutive year. ACC is also acknowledged among ‘India’s Top 50 Companies Contributing to Inclusive Growth’ by SKOCH and has achieved a prestigious A- ‘Leadership Score’ from CDP for its climate change mitigation efforts.
Sustainability is central to ACC’s operations, making it a pioneer in the Indian cement industry. It is the first company in the sector to sign the Net Zero Pledge with Science-Based Targets, underscoring its commitment to reducing environmental impact. ACC’s innovative and eco-friendly products have also been included in the GRIHA product catalogue, further demonstrating its dedication to sustainable construction solutions.
