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ACC Cement’s Net Profit Becomes Five-Fold in The Third Quarter of December

This is seen as excellent progress made by the business group in the cement manufacturing sector after the Adani Group controversies. It has also led to excellent economic growth in India.

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ACC Cement’s Net Profit Becomes Five-Fold in The Third Quarter of December

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  1. ACC Cement’s Net Profit Becomes Five-Fold in The Third Quarter of December

  2. The net profit of the business group increased by 375% in comparison to the INR 113.19 crores made during the corresponding quarter of the previous year. This is seen as excellent progress made by the business group in the cement manufacturing sector after the Adani Group controversies. It has also led to excellent economic growth in India.

  3. ACC’s Growth in Cement Business ACC Cement’s operating EBITDA has grown 139%. The EBITDA margin increased by 10% from 8.4 % to 18.4%. The company’s cash and cash equivalent was INR 4,282 crore, which is a massive improvement over the previous quarter (INR 3,634 crore). The company’s consolidated net worth has also improved by INR 538 crore, currently standing at INR 15,361 crore. The working capital is also quite extraordinary.

  4. The CEO’s Take On the Company’s Recent Rise in Profit Ajay Kapur, who is the CEO and full-time director of ACC Limited, has mentioned that the cement company’s financial performance during this quarter has been quite outstanding. The main reason behind this improvement in financial performance is the addition of capacity in cement production units. The company has increased its cement capacity to 77.4 MTPA. This has allowed for volume and revenue growth on a substantial basis. Because of the increase in volume, the company has been able to attend to the growing needs of multiple industries.

  5. Why Did the Adani Group Plan to Increase India’s Cement Manufacturing Capacity? As per recent reports, the cement demand in India will continue to grow at 7 to 8% per year. This is mainly because of the large investments being made in India’s infrastructure sector. The large-scale residential housing projects that are being undertaken quite frequently have also led to an increased demand for cement in the country.

  6. Thank You

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