Page 2 - Acc

ACC Q1 FY25 results: Net profit down 22.5% at Rs 361 crore; stock falls

Cement maker ACC Ltd on Monday reported a decline of 22.46 per cent in its net profit to Rs 361.40 crore in the first quarter ended on June 2024. The company had posted a profit of Rs 466.14 crore in the April-June quarter a year ago, according to a regulatory filing from ACC, now a part of Adani Cement. Its revenue from operations was marginally lower at Rs 5,154.89 crore during the quarter under review. It was Rs 5,201.11 crore in the corresponding period a year ago. ACC's sales volume from Cement & Clinker in the April-June quarter was up 9 per cent at 10.2 million tonnes, which is the "highest ever volume" in Q1 over the last five years, according to an earning statement by the company. The volume growth was "supported by an increase in premium products and improvement in efficiency parameters, ensuring market leadership". Total expenses of ACC rose 1.84 per cent in the June 2024 quarter to Rs 4,741.27 crore. Its Kiln fuel cost improved, helped by change of fuel basket and ..

ACC, BSE: This tech indicator shows more gains for 5 Nifty MidCap stocks

The MACD - a key momentum oscillator has turned favourable for these 5 Nifty MidCap stocks, with charts indicating a likely upside of up to 15% ahead.

Cement stocks rally up to 10% on Monday, Ultratech hits record; here's why

Cement stocks: The rally comes amid hopes of sustained push on infrastructure development and government-driven capex continuing in India

Discrepancies in bids: Govt may give two weeks to ACC PLI applicants

The discrepancy in the bids has caused the government to miss its target of completing the bidding process within a month of declaring the technical bidders

Ambuja, ACC, JK, Ultratech: Will cement stocks crack under pressure?

Cement stocks investment strategy: Investors with a long-term horizon may strategically accumulate shares of fundamentally strong cement companies

Tech Mahindra and Bajaj Fin among 38 firms to report Q4 results today

TCS, Infosys, and Wipro are IT majors that have already declared their numbers for the quarter

ACC bags Lamatola coking coal block situated in MP on 3rd day of auction

Cement major ACC Ltd bagged the Lamatola coking coal block situated in Madhya Pradesh on Thursday in the ongoing nineth round of auction of commercial coal mines, according to an official release. ACC submitted the final bid offering a premium of 16.75 per cent against the reserve price of 4 per cent. "Including today's auction, a total of 4 coking coal mines have been auctioned under the ongoing rounds of auction. Once operationalized, these coal mines will reduce the dependency of country on imported coking coal," the Coal Ministry said. The latest round of commercial coal mine auctions was launched by the Coal Ministry on December 20, 2023. As many as 32 coal mines were put on the block. The Lamatola coking coal mine located in Madhya Pradesh has 200 million tonnes reserves of coking coal.

ACC Q3 results: PAT surges five-fold to Rs 527 crore, beats estimates

The Adani Group-owned company's profit after tax surged nearly five-fold to 5.27 billion rupees ($63.4 million) in the three months ended Dec. 31

BSE 200 scorecard: From IGL to Zee, reading the tea leaves from FPI move

Krishna Kant and Ram Prasad Sahu track the investments made by foreign portfolio investors in BSE 200 companies - a move that is seen as pivotal to the future of a stock on bourses

Minor fines imposed on multiple Adani companies over non-compliance

The fine for ACC was Rs 47000 each and for Ambuja Cements was Rs 16000 each

Don't see a major worry: Adani Cement CEO on any price war expected

Considering 420 mn tonnes demand base, at 8 or 10 per cent growth, you would need about 35 mn tonnes of extra cement to be produced, said Kapur

ACC, HDFC AMC, three other companies to be excluded from Nifty Next 50

Five firms, including ACC Ltd, HDFC Asset Management Company and FSN E-Commerce Ventures that runs Nykaa, will be dropped from Nifty Next 50 index from September 29. NSE Indices Ltd, an arm of the National Stock Exchange, on Thursday said that Indus Towers and Page Industries will also be dropped from the index. Punjab National Bank, Trent, Sriram Finance, TVS Motor Company, and Zydus Lifesciences will be included in the Nifty Next 50 index, NSE Indices said in a statement. NSE Indices' Index Maintenance Sub-Committee (IMSC) decided to make the changes with effect from September 29 as a part of a semi-annual review. In addition, changes have been announced in several indices -- Nifty 500, Nifty 100, Nifty Midcap 150, Nifty Small Cap 250, Nifty Midcap 50, Nifty Midcap 100, Nifty Smallcap 50, and Nifty Smallcap 100. However, no changes were announced in the NSE's benchmark index Nifty 50. NSE Indices also revised the eligibility criteria for several sectoral indices, including Nift

MSCI Global Standard Index review: PFC, REC among 8 entrants; ACC excluded

According to a Nuvama Alternative and Quantitative Research, PFC and HDFC AMC are likely to see inflows of $203 million and $153 million, respectively

ACC hits 5-month high; rallies 14% in 6 days on robust Q1 results

Management expects Ebitda growth to sustain with further improvement expected due to various efficiency and operational initiatives

Sensex drops 440 pts on Thursday; Nifty ends July F&O series 3.6% higher

CLOSING BELL ON JULY 27, 2023: Sectorally, auto and energy shares bore brunt of the selling, while pharma and realty stocks ended with smart gains on Thursday.

ACC Q1FY24 results: Net profit jumps 105% YoY to Rs 466 cr, revenue up 16%

ACC Ltd said that it expects the positive trend of the industry to continue in the coming quarter

Adani to continue using ACC, Ambuja brands; no plans to merge cement units

Media reports had said earlier this year that the Adani Group was exploring a merger between the two companies

ACC, Ambuja, Dalmia Cement: Analysts remain selective on cement stocks

UBS and Nomura expect volume growth of 10 per cent and 8 per cent, respectively, in FY24 aided by an uptick in the real estate cycle.

Focused on margin expansion to become profitable cement manufacturer: ACC

Adani group firm ACC Ltd is making remarkable strides in its ambitious endeavour to double capacities and is also focused on margin expansion to become the most profitable cement manufacturer in the country, according to its latest annual report. ACC Chairman Karan Adani said Adani group is adopting a three-pronged approach to the growth of its cement business, which also invests in branding and marketing strategy to take advantage of the existing legacy of the ACC brand and focus on strengthening the distributor and dealer network. "The first is to double our plant capacity with an emphasis on green cement. Our significant presence in the green energy business and utilisation of our fly ash, where possible, from our power generation business, aligns well with this approach. The second is to drive much greater operational efficiency to grow margins," Adani said in its message to shareholders in the annual report 2022-23. Besides ACC, which was acquired by billionaire Gautam Adani in

ACC, Ambuja Cement launch Cement & Concrete Research Development facility

Adani Group-owned ACC and Ambuja Cement have launched a Cement and Concrete Research & Development facility at Kalamboli, Navi Mumbai. The newly established R&D facility will help Ambuja and ACC drive progress, enhance cost optimization, and create sustainable solutions to shape the future of the cement industry, said a statement. A focus on new product development, productivity enhancement, reduction in energy consumption and environmental impact have been major drivers for the establishment of the R&D facility, it added. "Our new R&D facility is our reinforcement towards our collective commitment to pushing boundaries, driving innovation, and addressing industry challenges," said Ajay Kapur, CEO, Cement Business. ***** UltraTech Cement partnering with Finland-based Coolbrook * Leading cement producer UltraTech is partnering with Finland-based Coolbrook to start a joint development project. It will install Coolbrook's RotoDynamic Heater (RDH) technology at an ...