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  ACC 2353.35 [ -0.49% ]
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News Details

ACC Q2 net profit jumps 99.19% at Rs 533.81 cr

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19/07/2021 18:00
The company reported standalone net profit of Rs 533.81 crore for the quarter ended June 30, 2021 as compared to Rs 267.99 crore in the same period last year, registering a year-on-year growth of 99.19 per cent.

Net revenue of the company rose substantially by 54.14 per cent at Rs 3,884.80 crore in April-June quarter of this fiscal as against Rs 2,520.30 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 44.97 per cent to Rs 3,010.09 crore from Rs 2,076.40 crore in year ago period.

Other Income dipped by 11.03 per cent at Rs 44.70 crore versus (Jun'20 Rs 50.24 crore).

Operating Profit surged by 66.79 per cent to Rs 874.71 crore as against Rs 524.43 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.22 per cent in June quarter.

Interest grew by 2.22 per cent y-o-y to Rs 13.36 crore, while Taxation increased by 43.01 per cent at Rs 188.51 crore (Jun'20 Rs 131.82 crore).