ACC Quarterly Profit Plunges 91% on Higher Fuel Costs, Weaker Sales
India's ACC reported a nearly 91% fall in second-quarter profit, citing weaker cement sales, higher fuel costs and an employee severance charge. A one-time tax benefit had boosted earnings a year earlier.
Adani Group-owned cement maker ACC NSE:ACC reported a nearly 91% fall in second-quarter profit on Tuesday, hurt by weaker cement sales, higher fuel costs and an employee severance charge, while a one-time tax benefit had boosted earnings a year earlier.Here are some more details:($1 = 95.1350 India…