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The Appointments Committee has cleared a major bureaucratic reshuffle, naming Neeraj Mittal as petroleum secretary and Amit Agrawal as telecom secretary, with other key changes across ministries
ACC's second-quarter profit rose 460% year-on-year to Rs 1,119 crore on tax reversal gains and higher premium sales, as the cement major reported its best-ever Q2 revenue
Cement maker ACC Ltd on Friday reported more than five-fold rise in consolidated profit after tax (PAT) to Rs 1,119.26 crore in the September quarter on the back of strong sales. The company had posted a consolidated net profit of Rs 199.7 crore in the same period last fiscal year, ACC Ltd said in a regulatory filing. Consolidated revenue from operations in the September quarter stood at Rs 5,896.16 crore as against Rs 4,542.23 crore in the corresponding period last fiscal year, it added. Total expenses in the quarter under review stood at Rs 5,393.42 crore as against Rs 4,473.67 crore in the same period a year ago, the company said. In the second quarter, cement and ancillary services clocked revenue of Rs 5,519.18 crore, up from Rs 4,373.41 crore in the year-ago period, the filing said. Ready mix concrete segment posted revenue of Rs 453.62 crore as against Rs 289.1 crore in the same period last fiscal year, the company said.
The Adani group-owned cement major has seen a sustained slide in both share price and equity valuation over the past 12 months
Elara Capital cautions that the near-term pricing environment remains weak, with operating leverage and higher costs likely to weigh on profitability in Q2FY26 and potentially spill over into Q3FY26.
GST Council has approved a reduction in rates on cement from 28 per cent to 18 per cent, effective September 22, 2025
JM Financial Institutional Securities has picked UltraTech Cement and JK Cement as its top picks in the cement sector; here's why
ACC reports a 4% growth in Q1 FY26 profit despite a dip in operating margins, as cement sales volumes rise and revenue grows 17.3% YoY
Cement maker ACC Ltd on Thursday reported a 4.35 per cent increase in its consolidated net profit to Rs 375.42 crore for the June 2025 quarter, helped by volume gains and operational efficiencies. The company had posted a profit of Rs 359.74 crore in the April-June quarter a year ago, according to a regulatory filing by ACC, now a part of Adani Cement. Its revenue from operations rose 18 per cent to Rs 6,035.11 crore. It was Rs 5,113.05 crore in the corresponding period a year ago. ACC's total expenses in the June quarter surged 16.84 per cent to Rs 5,594.25 crore. In the June quarter, it reported "highest-ever volume in Q1 series" to 11.5 million tonnes, up 12 per cent year-on-year, the company said in an earnings statement. During the quarter, revenue from the cement business rose 16.7 per cent to Rs 5,714.95 crore. Similarly, its revenue from ready mix concrete jumped 26.67 per cent to Rs 416.28 crore in the June quarter. It has reported a "healthy upticks in volumes, operati
Q1 FY26 company results, July 24: REC, Canara Bank, Adani Energy Solutions, Indian Bank, and SBI Life Insurance Company will also release their April-June quarter earnings reports today
The cement industry will be a "key enabler" and is expected to benefit significantly from the approximately USD 2.2 trillion in investments projected in the infrastructure sector by 2030, said ACC Chairman Karan Adani. ACC Cement, part of Adani Group's cement business, which crossed the 100 MTPA capacity milestone in April 2025, is contributing to India's growth by laying a strong, sustainable foundation for a brighter tomorrow, said Adani in the latest annual report of the company. "The infrastructure sector, vital to realising India's economic ambitions by 2030, is projected to require investments of approximately USD 2.2 trillion. As a key enabler of infrastructure growth, the cement industry stands to benefit significantly from these investments," he said while addressing the shareholders. The cement sector is set for significant expansion, and its strategic priorities are designed to leverage this potential effectively, he added. ACC is part of Ambuja Cement, which holds the .
The company's total expenses for the quarter stood at Rs 5,514.82 crore, up 13.11 per cent Y-o-Y
Within the large-cap 100 universe, stocks from Adani group - Adani Green Energy and Adani Energy Solutions - have witnessed a 63 per cent and 54 per cent fall in their PE since September 2024-end
ACC Q3FY25 company results: The cement and building materials arm of the Adani Group attributed the rise in profit to higher volumes, cost optimisation measures, and improved operational efficiency
Q3FY25 company results, January 27: Coal India, Bajaj Housing Finance, Canara Bank, and ACC will release their reports for the Oct-Dec 2024 quarter
Nomura analysts project a 6 per cent year-on-year (Y-o-Y) volume growth for the Indian cement industry in FY26F, compared to an estimated 3 per cent in FY25F
While FY25 is seeing slow growth and subdued govt spending, CareEdge maintains a long-term outlook aligned with India's broader growth strategy with housing, continuing to be primary driver of cement.
JSW Steel, JSW Energy, ACC Ltd, NMDC Ltd, NTPC Mining Ltd and Jindal Steel and Power Ltd (JSPL) are among the 31 companies which have submitted bids for the tenth round of commercial coal mine auction. "A total of 31 companies have submitted their bids in the auction process," the coal ministry said in a statement. More than 10 new companies have participated for the first time under commercial coal mine auction. A total of 67 coal blocks were put up for sale in June under the tenth round of commercial mines auction. The government has received 44 bids for the 67 coal mines, the statement said. "The bids will be evaluated by a multi-disciplinary technical evaluation committee and technically qualified bidders will be shortlisted for participation in the electronic auction, to be conducted on MSTC portal," it added.
Technical chart suggests that ACC, IRCTC, PND and Aarti Industries could slide up to 28% from present levels owing to formation of 'Death Cross' on the daily chart; a long-term bearish indicator.