India reports 2020 Government India

ACC posts two-fold rise in Q1FY22 net profit despite covid-19 disruptions

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The company’s financial performance during the quarter: ACC reported 49.3% growth year on year (YoY) in total sales revenues for the June quarter on consolidated basis at ₹38.8 billion.

On a sequential basis, revenues were down 9.5% compared to ₹42.9 billion in the March 2021 quarter on account of Covid 2.0 impact on output.

For the June quarter, cement volumes 43.7% to 6.8 million tonnes as compared to 4.8 million tonnes in the same period last year.

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