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ACC Q4 results: Cement maker’s profit beats estimates by over 65%, revenue at ₹5,398 cr in March quarter
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
ACC Q4 results beat expecations on most fronts. The firm’s board has also recommended a dividend of ₹7.50 per equity share of face value of ₹10 each fully paid-up for the financial year 2023-24, subject to approval of shareholders of the company.
Adani group cement maker ACC saw its net profit jump to ₹748.5 crore for the January to March 2024 quarter, beating CNBC-TV18 poll expectation of ₹451 crore by 66%, the firm’s financial statements showed on April 25.
The firm’s revenue of ₹5,398 crore for the quarter under review also came in higher than at the poll projection of Rs 5,179 crore.
Meanwhile, the ACC Board has also recommended a dividend of ₹7.50 per equity share of face value of ₹10 each fully paid-up for the financial year 2023-24, subject to approval of shareholders of the company.
More details to be added shortly.
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