ACC Shares Rise 2% as Q3FY24 Earnings Reveal 375% Surge in Net Profit

29 Jan 2024 , 01:05 PM

ACC shares gained nearly 2% in early trades on the NSE on January 29, following the announcement of its Q3FY24 earnings on January 25.

At the time of writing, the stock was trading at ₹2490, reflecting a 0.93% increase from the previous close. ACC reported a substantial 375.10% rise in consolidated net profit for Q3FY24, reaching ₹537.63 crore.

The revenue for the same period witnessed a growth of 8.31%, reaching ₹4,914.36 crore. Management forecasts a cement demand growth of 7-8% YoY, primarily driven by investments in infrastructure and housing projects.

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