On Thursday, ACC has acquired by the Adani group along with Ambuja Cement in a $10.5-billion deal and reported a 60 per cent yearly decline in consolidated profit after tax (PAT) to Rs 227 crore for the quarter ended June 30, 2022.

Last year, the consolidated PAT was at Rs 569 crore, per financial data. The net profit is Rs 296 crore, and revenue is Rs 4,390 crore for the period.

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Consolidated revenue grew 15 per cent year-on-year to Rs 4,468 crore, up from Rs 3,885 crore in the year-ago period. On a quarterly basis, the revenue grew marginally by 0.9 per cent from Rs 4,427 crore in the previous quarter.

While profit declined by 42.6 per cent from Rs 396 crore in the previous quarter, the company follows a January-December financial year. Closing trade of ACC stock at Rs 29156.40 per share on Thursday. Last month the stock was up to 2 per cent.