ACC impress the street with doubling its bottomline in Q3CY17
Nidhi Jani / 17 Oct 2017
The company reported PAT of Rs 181.5 crore, which represents a sequential QoQ decline of 44.4 per cent and a YoY increase of 102.3 per cent.
ACC reported its results for the quarter ended September 30, 2017 on Tuesday.
The company's total sales for Q3CY17 came in at Rs 3116.5 crore, which represents 21.3 per cent sequential decline and 9.6 per cent YoY increase.
It delivered sales volume growth of 18% during the quarter under cement business. The stabilization of Jamul and Sindri plant capacities have contributed to this growth.
The RMC (Ready Mixed Concrete) business maintained a steady trend of 11% over the same quarter of the previous year. RMC now has 57 operational plants in India and concrete is being supplied to diversified consumer segment such as high-mid rise, individual home buyers, metro, power, road projects and industrial segment.
Its operating profit (EBIT) for the quarter amounted to Rs 259.8 crore and its EBIT margin stood at 8.3 per cent.
The company reported PAT of Rs 181.5 crore, which represents a sequential QoQ decline of 44.4 per cent and a YoY increase of 102.3 per cent.
The company’s productivity and operating efficiencies improved despite rising input costs due to high fuel costs. Higher usage of imported and auctioned coal caused by the limited availability of linkage coal adversely impacted fuel costs. However, improved raw material mix and fuel mix optimisation helped to partially neutralise the adverse cost impact.
ACC Ltd manufactures cement and ready mixed concrete with a countrywide network of factories and sales offices. ACC offers various kinds of Portland cement for general construction and special applications.
The stock today opened at Rs 1798.85 and touched an intra-day high of Rs 1815.20 on the BSE.
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