ACC Q2 Net Profit Falls 92% to Rs 93 Crore
ACC reported profit of Rs 93 crore for July-September, down 92% year on year. Lower sales volumes, higher costs and a year-ago tax write-back contributed to the decline.
Our Bureau Mumbai: Adani Group-owned ACC's profit nosedived 92% year-on-year (YoY) in the September quarter, as sales volumes were lower, costs were higher, and the year-ago period had the benefit of a large tax write-back. It reported a profit of 93 crore for July-September; from 1,119 crore in th…