ACC Q4 results: ACC Ltd on Thursday posted a 216.41 per cent surge in its fourth-quarter (Q4 FY24) standalone profit, at Rs 748.54 crore, as against Rs 236.57 crore in the year-ago period.
HCC share price: The stock dived 7.85 per cent to hit a day low of Rs 38.25. At this price, the scrip has declined 14.67 per cent in four trading days.
According to brokerage firms, Ambuja Cements is set to deliver strong performance in subsequent quarters while ACC continued its consistency on the back of lower fixed costs leading to margin surprise.
The entire acquisition is funded through internal accruals and will help ACC & its parent company Ambuja to further bolster market leadership, said ACC in an exchange filing