ACC q2 result: Adani Group's cement and building material company ACC Limited on Thursday presented the results for the second quarter of the financial year 2024-25. The company has earned an income of Rs 4,614 crore in the July-September period. It has increased by 4 percent year-on-year. The company's volume has increased by 15 percent year-on-year. It has been 9.3 million tonnes. The increase in volume in the second quarter is the highest in the last five years.

ACC's net worth reached Rs 16,725 crore

According to ACC Limited, a subsidiary of Ambuja Cements, the company's operating EBITDA in the second quarter of the current financial year was Rs 436 crore. During this period, the company's net worth has increased to Rs 16,725 crore. ACC's full-time director and CEO Ajay Kapoor said that the performance of the second quarter shows our strong position in the cement sector. Our excellent financial performance in this quarter is due to increased volume efficiency and cost optimization. This has paved the way for growth in FY25 and beyond.

Construction and housing activities are expected to increase

Demand in the cement industry is expected to increase in the first half of FY 2024-25. This is due to the increase in construction and housing activities after the monsoon. The cement sector can also benefit from the government's focus on infrastructure development such as roads, highways, railways, and metro. The company said that there may be an increase of 4-5 percent in the demand for cement in FY 25. The EBITDA of the cement and building material company was Rs 679 crore in the first quarter of FY 25.

Kapoor further added, "We continue to deliver strong value to our stakeholders as we aim to drive sustained profitability through our competitive advantages."