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The Adani Group firm on April 24 reported a consolidated net profit of Rs 751 crore for Q4 FY25. This marked a fall of nearly 20 percent from the Rs 943 crore net profit reported in Q4 FY24. The firm's consolidated revenue however rose 13 percent year-on-year to Rs 5,992 crore in Q4FY25 as against Rs 5,317 crore in Q4FY24.
The cement company also declared dividend of Rs 7.5 per share for FY25. June 13 has been fixed as the record date for the dividend and it shall be paid before July ***** shares of the company have now recorded their worst fall in 2025 so far. Axis Capital has cut the rating of ACC shares to 'Reduce' from 'Add', with a target price of Rs 2,050 apiece. The latest target price, however, implies an upside potential of nearly 6 percent from the current market price.#StockInNews#WatchOutFor#PsychologyofMoney#EquityResearch#MacroViews
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