ACC Q4 results: Profit falls 40% due to high energy costs, revenue up 8.1%
ACC, a subsidiary of Ambuja Cement, today reported net income for the January-March quarter that missed the average analyst estimates. The company’s net income declined to Rs 237 crore — a fall of 39.5 per cent on a year-on-year basis.
The revenue was up 8.1 per cent to Rs 4,790 crore year-on year basis. Total costs was Rs 4,510 crore, up 13.9 per cent due to high energy costs.
ACC, now a part of the Adani Group, has changed its financial year to April-March from January-December followed previously. The company was taken over by the Adani group in May last year.
