ACC Ltd - 2QCY20 results - Mr.Keshav Lahoti, Associate Equity Analyst, Angel Broking Ltd

"ACC reported a 37% YoY decline in standalone revenue to Rs.2601 crore for Q2CY20. Company reported EBIDTA and PAT of Rs.525 crore and Rs.268 crore for the quarter, down by 34% and 41% YoY respectively. Revenue for the quarter was adversely impacted given that there was no production and sales for the cement industry during the first 20 days of April due to the lockdown. However, margins improved from 19.1% to 20.2% YoY due decline in power and fuel cost along with other expenses. Revenue for the quarter was below street estimates though EBIDTA and PAT were above street estimates. Going forward demand revival will be key for the Company."

Shares of ACC LTD. was last trading in BSE at Rs.1330.05 as compared to the previous close of Rs. 1315.7. The total number of shares traded during the day was 41868 in over 2689 trades.

The stock hit an intraday high of Rs. 1334.65 and intraday low of 1314.9. The net turnover during the day was Rs. 55489531.

Source : Equity Bulls

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