New Delhi, Jan. 28 -- ACC, the cement and building materials company of the diversified Adani portfolio, announced its financial performance for the December quarter today, reporting a 63% YoY drop in its consolidated net profit to Rs.404.25 crore. In the same period last year, the company had reported a net profit of Rs.1,092 crore.

The sharp drop in net profit for the quarter can be attributed to a significant rise in operating expenses, which jumped to Rs.6,114 crore from Rs.5,143.85 crore in the same period last year.

The company reported revenue from operations rising to Rs.6,391 crore, up 21.7% year-on-year from Rs.5,251 crore in Q2FY25.

Its operating performance showed notable improvement during the quarter, with the company pos...