ACC Ltd Profit Plummets 61% Amid Maintenance and Costs

ACC Ltd reported a significant financial decline for the first quarter of FY'27, with consolidated net profit falling approximately 61% to between 147 and 148 crore rupees. Revenue from operations also dropped roughly 8% to 5,790 crore rupees, although revenue from Ready Mix Concrete grew by more than 20%.

CEO Vinod Bahety attributed the profit plunge to planned maintenance shutdowns at integrated units, rising fuel and logistics costs for coal, diesel, and petcoke, and higher service charges paid to its parent company, Ambuja Cement. Despite these quarterly losses, the company maintains a constructive long-term outlook based on urbanisation and infrastructure demand.

The company is currently pursuing strategic consolidation under the Adani Group's 'One Cement Platform'. This includes a pending merger with Ambuja Cement, for which the Securities and Exchange Board of India recently issued a No Objection Certificate. Additionally, the ACC board approved the acquisition of a 26% equity stake in Amplus Andhra Power Pvt Ltd for approximately 5.31 crore rupees.