Adani Group‘s ACC reported its earnings for the quarter ended September on Thursday. The stock was in the red after the announcement was made.

What Happened: The company’s consolidated net profit for the quarter under review came in at ₹199.66 crore, down around 48% from the ₹387 crore posted in the same quarter last year.

Revenue from operations for the July-September period stood at ₹4,615 crore, up 4% from the ₹4,435 crore posted in the same period last year.

Operating EBITDA came in at ₹436 crore with an EBITDA margin of 9.5%, which marks a decline from the previous year’s figures of ₹549 crore and a 12.4% margin. On a per-tonne basis, the EBITDA stood at ₹469 per metric tonne, lower than the ₹676 recorded in the same period last year.

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The company clocked a 15% year-on-year growth in sales volume for Clinker & Cement, reaching 9.3 million tonnes (MnT) in Q2, which is the highest volume recorded in the Q2 series over the past five years.

Sharing its outlook for the year ahead, the company said that the industry anticipates improved demand in the second half of FY25, driven by a post-monsoon increase in construction and housing activities. The government’s ongoing emphasis on infrastructure development—particularly in roads, highways, railways and metro projects—will remain a key driver of demand.

The approval of more housing units under the Pradhan Mantri Awas Yojana (both rural and urban), coupled with rising industrial and commercial capital expenditures, is expected to significantly boost future cement demand. The sector is projected to see a 4%-5% growth in cement demand during FY 2025.

Price Action: ACC’s share price was down 0.44% to trade at ₹2,246.85 on Thursday afternoon.

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