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Asia

ACC Q1 Results: Profit plunges 60% to Rs 147 crore on lower sales

Markets-Economic Times · 1h ago · 🇮🇳 India

ACC Q1 Results: Profit plunges 60% to Rs 147 crore on lower sales

ACC Ltd, part of the Adani Group, reported a staggering 60.8% decline in net profit for the June quarter. This drop in profitability can be attributed to a decline in sales volume, resulting in a 7.75% decrease in revenue compared to the previous year. While higher costs impacted earnings, the company noted that premium products gained market share.

Read the full story at Markets-Economic Times →

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