Cement producer ACC's Q1 net profit dropped 23% to ₹361 crore due to lower realisation, but sales volume increased 9% to 10.2 million tonnes.
Cement producer ACC reported a 23% drop in Q1 net profit to ₹361 crore due to lower realisation. Despite the decline, the company's sales volume increased 9% to 10.2 million tonnes, the highest in the last five years. The cement industry is anticipated to grow 7-9% this fiscal year due to government investments in infrastructure projects and the launch of Phase IV of the Pradhan Mantri Gram Sadak Yojana, expected to boost demand for cement.
July 29, 2024
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