ACC Ltd posted a jaw-dropping 103% year-on-year surge in consolidated net profit for Q3FY25, clocking ₹1,091.73 crore, compared to ₹537.63 crore in the same period last year. Sequentially, profits shot up a staggering 446.8%. Yet, despite these stellar numbers, the stock treaded water on Monday, trading 0.44% lower at ₹2,048.75 on the BSE by early afternoon. Revenue also painted a promising picture, rising 7.25% YoY to ₹5,207.29 crore, while sequential growth came in at 15.2%. In fact, the December quarter recorded the highest revenue in five years at ₹5,927 crore, boosted by an 11% uptick in trade sales volume and a stronger push for premium products, which now make up 32% of trade sales. EBITDA for the quarter grew to ₹1,116 crore from ₹905 crore in Q3FY24, with margins slightly improving to 18.8%. While the cement sector grew modestly by 1.5-2% in the first half of FY25, a more robust demand is on the horizon. The pro-infrastructure and housing thrust in Budget 2025, combined with increased government spending, is expected to fuel 4-5% growth in cement demand for the full fiscal year.