- 12 Sep
ACC Ltd. posts strong Q1FY24 results, upgrade to ACCUMULATE
ACC Ltd., a leading Indian cement company, has posted strong results for the first quarter of fiscal year 2024. Revenue, EBITDA, and PAT grew by 16.4%, 80.9%, and 105% YoY, respectively. The company's strong performance was driven by improved operational efficiency and higher sales volume. ACC's management expects the positive demand trend in the cement industry to continue in the coming quarters. The company is also targeting to grow its sales volume by 8-10% in FY24.