The Adani Group-owned company s profit after tax surged nearly five-fold to 5.27 billion rupees ($63.4 million) in the three months ended Dec. 31, surpassing average analysts estimates of 4.15 billion rupees, per LSEG IBES data.
Adani Cement-owned ACC saw an all-round beat in its earnings for the December quarter helped by strong volume growth and significant reduction in costs as compared to the previous year.
Analysts had largely expected the company to report a profit of ₹133 crore for the quarter. Ebitda margin came in at 0.4%, sharply below analysts’ expectations of 6%.