Adani group-owned cement maker ACC on Thursday reported a 300% year-on-year (YoY) jump in its consolidated net profit at Rs 945 crore, while the revenue jumped 12.6% to Rs 5,408.72 crore.
The company also recommended a dividend of Rs 7.50 per share.
Volumes rose 23.5% to 10.4 million tonnes in Q4FY24 as compared to 8.5 million tonnes in Q4FY23, while the EBITDA margin stood at 15.5%, rising 5.7 bps YoY
“We continue to solidify our position as a frontrunner in the cement industry. Our financial performance with a jump in EBITDA by 138% during the year is a testament to the flexibility and strong foundation of our business model. The trust of our customers and our commitment to building a sustainable future with investment in efficiency improvements, green power, etc. has furthered our success, as we emerge even stronger than before. With passing time ACC is getting younger and stronger with the expansion and performance efficiency plans” said Ajay Kapur, Director & CEO of ACC.
Earnings Per Share or EPS for the year also improved to Rs 124.1 as compared to Rs 26 last year.
The stock was trading nearly 1% higher at Rs 2,579.95 on BSE at 03:06 pm.
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