7 months ago
ACC Q3: Profit Falls, Revenue Rises 22%
ACC Ltd, a cement company, recently shared its earnings for the last three months of 2023.
While their total revenue (money earned) went up by 22% compared to the same time last year, their net profit (money left after expenses) went down by 63%.
This drop in profit was partly because of some one-time costs related to new labor rules.
However, the company did well in other areas, like selling more cement and making better use of its resources.
They also announced plans to merge with another company, Ambuja Cements, to work more efficiently in the future.
After the announcement, the company's stock price went down a little bit.
ACC's Q3 net profit declined 63% YoY to ₹404.25 crore due to one-time labor code impact.
Revenue grew 21.7% YoY to ₹6,391.17 crore, driven by higher sales volume and demand.
EBITDA increased 53.5% YoY to ₹608 crore, with margin expansion to 9.5%.
ACC remains debt-free with a net worth of ₹20,326 crore and AAA credit ratings.
Proposed merger with Ambuja Cements to improve operational efficiency and growth.
- Who
- ACC Ltd
- What
- Reported Q3 earnings with mixed results
- Where
- India
- When
- December quarter (Q3)
- Why
- Impact of new labour codes and operational improvements
Key facts
- Net Profit
- ₹404.25 crore (down 63% YoY)
- Revenue
- ₹6,391.17 crore (up 21.7% YoY)
- EBITDA
- ₹608 crore (up 53.5% YoY)
- EBITDA Margin
- 9.5% (up from 7.5% YoY)
- Net Worth
- ₹20,326 crore
- Credit Ratings
- AAA from CRISIL and CARE
- Share Price
- ₹1,685.50 (down 0.18%)
- Sales Volume
- 11.3 million tonnes (highest-ever quarterly sales volume)
- RMC Revenue
- ₹492.18 crore (up 42.86% YoY)
- RMC Volume
- 0.97 million M3 (highest-ever quarterly RMC volume, up 36% YoY)
- Cement Business Revenue
- ₹6,028.98 crore (up 6.54% YoY)
- Total Expenses
- ₹6,114.34 crore (up 16.84% YoY)
- Total Income
- ₹6,540.55 crore (up 16.37% YoY)
Timeline
The Indian government's introduction of the Wage Code on 2025-11-07 led to the notification of new labour codes on 2025-11-21.
The Indian government's notification of new labour codes on 2025-11-21 led to the implementation of new labour laws.
The implementation of new labour codes on 21 November 2025 required companies to account for increased cost implications, such as contributing to social security for gig workers and increasing provident fund contributions.
The implementation of new labour codes in December 2025 required companies to account for cost implications, which affected ACC Ltd's financial results in Q3 2023.
ACC Ltd reported a 22% revenue growth in Q3 2023, despite a 63% drop in net profit due to one-time costs and labor rule changes.
Quotes
Vinod Bahety
Whole-Time Director & CEO of ACC Ltd
“The proposed integration into the One Cement Platform is expected to accelerate both efficiency and growth, enabling deeper synergies across procurement, manufacturing and distribution once statutory approvals are completed.”
thehindubusinessline.com
“We have sustained our growth momentum with another strong quarter, delivering our highest-ever quarterly volumes.”
thehindubusinessline.com
Sources
ACC Q3 Results: 22% revenue growth contributes to margin expansion
ACC Q3 FY26 profit slumps 63% to Rs 404 crore despite record revenue, volumes
Adani’s ACC posts 346% jump in Q3 profit, records highest-ever volume
eClerx Q3 profit surges 39% YoY; revenue surpasses ₹850 crore
