ACC Q1 Results Live : profit falls by 22.47% YOY

ACC Q1 Results Live : ACC, a leading company, announced their Q1 results on 29 Jul, 2024. The revenue witnessed a decrease of 0.89% Year-on-Year (YoY) and the profit took a hit, falling by 22.47% YoY.

In comparison to the previous quarter, the revenue showed a decline of 4.69% and the profit decreased significantly by 61.75%.

The Selling, general & administrative expenses also saw a downward trend, declining by 1.51% quarter-on-quarter (QoQ) and 5.16% Year-on-Year (YoY).

Furthermore, the operating income experienced a sharp decline of 46.26% QoQ and 21.74% YoY.

The Earnings Per Share (EPS) for Q1 stood at ₹19.19, marking a decrease of 22.68% YoY.

ACC's stock performance in the market has been mixed with a -1.17% return in the last week, 4.47% return in the last 6 months, and a positive 17.78% Year-to-Date (YTD) return.

Currently, ACC boasts a market capitalization of ₹48905.44 Cr with a 52-week high/low of ₹2844 and ₹1803 respectively.

Analysts covering the company have mixed recommendations as of 30 Jul, 2024, with 6 analysts suggesting a Sell rating, 6 analysts recommending Hold, 9 analysts advising to Buy, and 12 analysts strongly advocating for a Strong Buy rating.

The consensus recommendation as on 30 Jul, 2024, was to Buy.