acc q2 outcomes: ACC Q2 Outcomes: Cement maker reviews Rs 384 crore standalone revenue vs loss a yr in the past

Cement maker ACC on Thursday introduced a standalone web revenue of Rs 384.29 crore for the quarter ended September 30, 2023, versus a lack of Rs 91.09 crore posted by the corporate within the corresponding quarter of the final monetary yr.

Nevertheless, on a quarter-on-quarter (QoQ) foundation, the Adani Group firm reported a 17% decline in revenue. The corporate had reported a web revenue of Rs 463.93 crore within the June ended quarter.

The standalone income from operations for the reporting quarter stood at Rs 4,434.67 crore which was up 11.2% from Rs 3,987.34 crore within the year-ago interval. In Q1FY24, the corporate reported income of Rs 5,279.35 crore.

Half yearly standalone web revenue stood at Rs 848.22 crore which soared 547% from Rs 131.08 crore on the year-on-year (YoY) foundation.

The earnings have been introduced throughout market hours and the inventory was buying and selling flat on the NSE, although the bias remained constructive.

On a half yearly foundation, the income from operations stood at Rs 9,635.78 crore which was up 14% YoY from Rs 8,455.73.Phase smart, the income from cement stood at Rs 4,151.29 crore for Q2FY24 which was up from Rs 3,691.20 crore in Q2FY23 whereas the prepared combine concrete phase reported income of Rs 308 crore for the reporting quarter versus Rs 353.26 crore.Belongings Vs LiabilitiesTotal property on the finish of the reporting quarter stood at Rs 21,991 crore which was up from Rs 19,634.54 crore within the corresponding quarter of the earlier monetary yr. Complete liabilities stood at Rs 7,273.44 crore which was up from Rs 5,957.36 crore within the yr in the past interval.

At Rs 4,127 crore, the whole bills incurred by the corporate for the mentioned quarter have been practically similar as reported by the corporate within the yr in the past interval at Rs 4,162 crore. Nevertheless, they have been decrease 11% on the sequential foundation Rs 4,656.26 crore.

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