ACC’s net profit increases four times to Rs 945 crore

The cement manufacturer ACC said on Thursday that strong sales drove a four-fold increase in profit after tax (PAT) to Rs 945 crore in Q4FY24.

In Q4FY23, it had declared a PAT of Rs 236 crore. According to ACC’s regulatory filing, revenue from operations increased to Rs 5,409 crore in Q4FY24 from Rs 4,791 crore in the same time last year. “We come out even stronger than before thanks to the trust of our customers and our commitment to building a sustainable future with investment in efficiency improvements, green power, etc.,” ACC CEO Ajay Kapur said.

The business, an Ambuja Cements subsidiary, said that a dividend of Rs 7.5 per share has been proposed by the board. According to ACC, the government’s quest for affordable housing and increased budgetary allocation to infrastructure and building indicate that the industry’s future is bright.