ACC Quarterly Profit Falls Nearly 91% on Higher Fuel Costs
Adani Group-owned cement maker ACC said second-quarter profit fell nearly 91%, 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 reported a nearly 91 per cent 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…