ACC Ltd on Thursday reported a 49 per cent fall in consolidated net profits for the second quarter ended September 30 amid poor pricing and weak demand from certain sectors.

The cement firm, which is now in the Adani group, posted a net profit of ₹199.70 crore against ₹387.88 crore in the corresponding quarter of the previous year. Though ACC saw its revenues increasing to ₹4,613.52 crore from ₹4,434.73 crore, total expenses increased to ₹4,452.73 crore from ₹4,127.11 crore a year ago.

ACC added that during the quarter, the total sales volume (cement & clinker) stood at 9.3 million tonnes against 8.1 million tonnes a year ago.

Shares of the cement maker ended at ₹2,265.60 on the BSE, a gain of 0.38 per cent against Wednesday’s close.

Adani Total Gas

Adani Total Gas Ltd, the city gas joint venture of Adani Group and French energy giant TotalEnergies, on Thursday reported a 6 per cent rise in second quarter net profit as a higher gas price cut gains from a handsome rise in CNG and piped cooking gas volumes.

Net profit of ₹178 crore in July-September compared with ₹168 crore a year back.

Revenue from operations was up 12 per cent to ₹1,315 crore on account of higher volume and sales realisation.

IndusInd Bank

Indusind Bank on Thursday reported a 40 per cent decline in September quarter net profit at ₹1,331 crore, pulled down majorly by concerns on asset quality. The bank decided to set aside an additional ₹525 crore as prudential provisions due to challenges in the operating environment.

It earned less in interest income because of higher slippage and a dip in income because of microlending portfolio de-growth, which impacted the profits.

Colgate-Palmolive

Colgate-Palmolive India Ltd on Thursday reported an increase of 16.17 per cent in its net profit at ₹395.05 crore in the quarter ended September 2024, led by a broad-based growth across portfolios. The company had posted a net profit of ₹340.05 crore a year ago.

With inputs from PTI