ACC Q4 result: Net profit up 301% and board recommends annual dividend of Rs 7.50; Read to know more
ACC, a subsidiary of Ambuja Cements, is one of India’s leading producer of cement and ready-mix concrete, clocked a consolidated net profit of Rs 944.84 crore in Q4FY24, an increase of 4 times year-on-year compared to the Rs 235.66 crore it reported in the same quarter in FY23. The company’s consolidated Q4 revenue stands at Rs 5,408.72 crore, which rose 13% on year Vs Rs 4,790.91 crore it posted in Q4 of FY23. The improved performance is attributed to all round improvement in volume, cost and efficiency parameters.
Embassy REIT guides for lower leasing in FY25
Embassy Office Parks REIT has guided for 5.4 msf of gross leasing in FY25, despite exceeding its FY24 target by 35 per cent, indicating a flat growth in office leasing. It has however guided for a higher net operating income in the range ₹3210-3350 crore and higher distribution in the range ₹22.4-23.10 per unit, compared to ₹21.33 seen in FY24, which was down 2 per cent on year.
Una to Delhi Jan Shatabdi Express resumes service following 3-day hiatus – Check details here
The Jan Shatabdi Express, operating from Una in Himachal Pradesh to Delhi, has resumed its service after a three-day suspension because of the ongoing farmers’ movement in Punjab and Haryana, according to officials, PTI reported.
