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Adani firm ACC reports robust Q3 show, PAT up 375% at Rs 538 cr
The Business Guardian
|January 26, 2024
Cement and building materials major and a company of the diversified Adani Group, ACC Limited reported robust Q3 FY'24 financial results with the firm's standalone net profit rising 377.57 per cent to Rs 527.48 crore in Q3 FY24 as against Rs 110.45 crore in the same quarter of FY23. The company has achieved significant improvements in all financial matrices.
The revenue from operations was up at Rs 4,918.34 crore during the quarter under review, growing 8.3 per cent. Operating EBITDA (excl. other income) has grown 139 per cent, EBITDA margin expanded by 10 pp from 8.4 per cent to 18.4 per cent. The performance comes on the back of a sharp growth in volume and improvement of important KPIs, the company said on Thursday.
This story is from the January 26, 2024 edition of The Business Guardian.
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