ACC Reports Rs 87 Crore Loss In September Quarter

Cement maker ACC Ltd. on Monday swung into a consolidated net loss in the third quarter ended September.

The net loss for the quarter stood at Rs 87.32 crore, compared with a profit of Rs 450.21 crore in the same quarter a year ago, ACC said in a BSE filing.

The company, which follows January-December financial year, saw total revenue from operations during the quarter under review at Rs 4,057.08 crore as against Rs 3,812.31 crore in the year-ago period.

ACC, now owned by Asia's richest man Gautam Adani-led Adani Group, posted total expenses of Rs 4,162.13 crore in July-September 2022.

Disclaimer: Adani Enterprises is in the process of acquiring a 49% stake in Quintillion Business Media Ltd., the owner of BQ Prime.