ACC ltd, a cement and building material company of Adani cement on Thursday reported a 40 per cent year-on- year (YoY) decline in its consolidated net profit at Rs 236 crore for the quarter ended on 31 March 2023, compared to Rs 396 crore in the same quarter previous year, according to the company’s regulatory filing.
The company’s Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) also decreased at Rs 588 crore from Rs 693 crore in Q4FY22.
However, Its consolidated revenue from operations rose by 6 per cent at Rs 4,791 crore in Q4FY23 as against Rs 4,427 crore in the previous year.
Ajay Kapur, Whole Time Director & CEO, ACC Limited said, “We have continued to reduce our carbon footprint by lowering the clinker factor, reducing thermal and electrical energy intensity, implementing Waste Heat Recovery Systems at our plants and increasing our use of and capacity of generating renewable energy.”
“Our long-term competitiveness remains intact, giving us industry-leading profitability, even as we pursue our growth aspirations. We are confident of continuing our journey of strong performance in the coming quarters,” he added.
As per the official document the company’s Board of Directors have recommended a dividend on equity shares at Rs. 9.25 per share.
