Cement maker ACC Ltd on Monday reported a decline of 22.46 per cent in its net profit to Rs 361.40 crore in the first quarter ended on June 2024.
The company had posted a profit of Rs 466.14 crore in the April-June quarter a year ago, according to a regulatory filing from ACC, now a part of Adani Cement.
Its revenue from operations was marginally lower at Rs 5,154.89 crore during the quarter under review. It was Rs 5,201.11 crore in the corresponding period a year ago.
ACC's sales volume from Cement & Clinker in the April-June quarter was up 9 per cent at 10.2 million tonnes, which is the "highest ever volume" in Q1 over the last five years, according to an earning statement by the company.
The volume growth was "supported by an increase in premium products and improvement in efficiency parameters, ensuring market leadership".
Total expenses of ACC rose 1.84 per cent in the June 2024 quarter to Rs 4,741.27 crore.
Its Kiln fuel cost improved, helped by change of fuel basket and ..
