ACC Ltd reported a consolidated profit after tax of Rs 199.7 crore for Q2 ending September 30, 2024, compared to Rs 387.88 crore in the same period last year, as per a regulatory filing. Revenue for the quarter rose to Rs 4,613.52 crore, up from Rs 4,434.73 crore a year ago, marking the highest quarterly revenue in five years driven by increased trade sales and a higher proportion of premium products.
Total expenses also rose to Rs 4,452.73 crore, from Rs 4,127.11 crore. ACC noted that Q2 results are not directly comparable to last year due to the January 2024 consolidation of Asian Concretes and Cements Pvt Ltd (ACCPL) and its subsidiary, Asian Fine Cements Pvt Ltd (AFCPL), which ACC acquired for Rs 422.63 crore.
Ajay Kapur, ACC Ltd’s Whole Time Director & CEO, highlighted robust demand for high-quality cement as a key growth driver. “This quarter’s financial performance, driven by increased volumes, cost management, and operational efficiencies, sets strong momentum for our growth plans in FY’25 and beyond,” Kapur said.
Looking ahead, ACC expects cement demand to grow by 4-5% for FY 2025, boosted by post-monsoon construction activity and the government’s infrastructure initiatives across roads, highways, railways, and metro projects. Further demand is anticipated from the expansion of housing under Pradhan Mantri Awas Yojana and increased industrial and commercial investments.
ACC Ltd, formerly known as Associated Cement Companies, is one of India’s leading cement manufacturers and a key player in the building materials industry. Established in 1936, the company has a long history of providing high-quality cement and concrete solutions for infrastructure, construction, and industrial projects across the country.
ACC is known for its innovation in cement technology, sustainability initiatives, and strong emphasis on environmental responsibility. With a wide network of plants, over 17 cement factories, and numerous ready-mix concrete plants, ithas a robust presence in both urban and rural markets. Now part of the Adani Group, itcontinues to contribute to India’s growth by delivering reliable, durable, and sustainable building solutions, playing a critical role in the nation’s infrastructure development.
