Latest news with #ACCLimited
Time of India
5 days ago
- Business
- Time of India
Letter to comfort, incentives issued to investors in state
Lucknow: The state cabinet on Tuesday approved a proposal to issue a letter of comfort to Haldiram's, the packaged snacks company willing to invest Rs 662 crore. In addition to this, the cabinet approved granting an incentive of Rs 104 crore to five companies. Sharing details, industries and infrastructure development minister Nand Gopal Gupta Nandi said, "The letter of comfort and incentives were extended under the Uttar Pradesh Industrial Investment and Employment Promotion Policy." Departmental officials said that Haldiram's applied for the letter of comfort for their new unit in Gautam Buddha Nagar, aimed at producing frozen ready-to-eat food products, along with ecosystem, employment, and export boosters, as well as a capital subsidy option. Sharing details on incentives, they said that in Barabanki district, SLMG Beverages Private Limited, which produces carbonated soft drinks and juices, will receive an incentive of Rs 38.73 crore, while Silverton Pulp and Papers Private Limited in Muzaffarnagar will receive Rs 1.89 crore as an incentive. The cabinet also approved an incentive of Rs 17.28 crore for ACC Limited's cement unit in Amethi district, even as Wonder Cement, which has a cement unit in Aligarh, will receive Rs 38.32 crore. Moon Beverages, which also has a carbonated soft drink and drinking water unit in Hapur, will receive Rs 8.68 crore. The cabinet also approved a proposal for the settlement of the LOC for ACC Limited Sonbhadra.
Business Upturn
24-04-2025
- Business
- Business Upturn
ACC Q4 Results: Revenue jumps 12.7% YoY to Rs 5992 crore but Net profit falls 20.4% YoY
By Aditya Bhagchandani Published on April 24, 2025, 14:42 IST ACC Limited, part of the Adani Group, reported its consolidated financial results for the quarter ended March 31, 2025 (Q4FY25), showing a decline in bottom-line performance despite revenue growth. Key Highlights – Q4 FY25 (Consolidated): Net Profit : ACC's net profit stood at Rs 751.04 crore in Q4FY25, down 20.4% from Rs 943.39 crore in the corresponding quarter last year (Q4FY24). : ACC's net profit stood at Rs 751.04 crore in Q4FY25, down 20.4% from Rs 943.39 crore in the corresponding quarter last year (Q4FY24). Revenue from Operations : Revenue rose 12.7% YoY to Rs 5,991.67 crore compared to Rs 5,316.75 crore in Q4FY24, driven by higher volume and better realization. : Revenue rose 12.7% YoY to Rs 5,991.67 crore compared to Rs 5,316.75 crore in Q4FY24, driven by higher volume and better realization. Total Income : Total income stood at Rs 6,260.40 crore for the quarter, as against Rs 5,528.40 crore in Q4FY24. : Total income stood at Rs 6,260.40 crore for the quarter, as against Rs 5,528.40 crore in Q4FY24. Total Expenses : Expenses increased to Rs 5,514.82 crore, compared to Rs 4,875.61 crore in the year-ago quarter. Key cost drivers were power & fuel (Rs 869.05 crore) and freight expenses (Rs 1,139.25 crore). : Expenses increased to Rs 5,514.82 crore, compared to Rs 4,875.61 crore in the year-ago quarter. Key cost drivers were power & fuel (Rs 869.05 crore) and freight expenses (Rs 1,139.25 crore). EBITDA (estimated): Operating performance improved marginally, with EBITDA margin expansion supported by scale efficiencies and cost control. Full Year FY25 Overview: Net Profit : Rs 2,402.27 crore in FY25, higher than Rs 2,335.08 crore in FY24. : Rs 2,402.27 crore in FY25, higher than Rs 2,335.08 crore in FY24. Revenue from Operations: Rs 20,789.10 crore in FY25, up from Rs 19,681.01 crore in FY24. The drop in Q4 profitability was mainly due to a reduction in other income and higher operational costs, despite strong topline growth. Disclaimer: This content is based on the company's reported financials and is meant for informational purposes only. Investors are advised to consult certified professionals before making any investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
