ACC Q1 Results: Profit plunges 60% to Rs 147 crore on lower sales

ACC reported a 60 percent year-on-year drop in Q1 profit to Rs 147 crore, with revenue from operations declining 7.75 percent to Rs 5,790 crore. Cement sales volume fell 13 percent to 10 million tonnes, though Ready Mix Concrete revenue rose 20.43 percent to Rs 501 crore. The company also received SEBI's No Objection Certificate for its merger with parent Ambuja Cement and acquired a 26 percent stake in Amplus Andhra Power for about Rs 5.31 crore.