ACC LTD. has reported financial results for the period ended March 31, 2021.
Financial Results (Q1 CY2021) - QoQ Comparison
The company has reported total income of Rs.4335.94 crores during the period ended March 31, 2021 (Q1 CY2021) as compared to Rs.4208.75 crores during the period ended December 31, 2020 (Q4 CY2020).
The company has posted net profit of Rs.562.57 crores for the period ended March 31, 2021 as against Rs.472.42 crores for the period ended December 31, 2020.
The company has reported EPS of Rs.29.88 for the period ended March 31, 2021 as compared to Rs.25.10 for the period ended December 31, 2020.
Total Income | ₹ 4335.94 crs | ₹ 4208.75 crs | 3.02% |
Net Profit | ₹ 562.57 crs | ₹ 472.42 crs | 19.08% |
EPS | ₹ 29.88 | ₹ 25.10 | 19.04% |
Financial Results (Q1 CY2021) - YoY ComparisonThe company has reported total income of Rs.4335.94 crores during the period ended March 31, 2021 (Q1 CY2021) as compared to Rs.3557.63 crores during the period ended March 31, 2019 (Q1 CY2020).
The company has posted net profit of Rs.562.57 crores for the period ended March 31, 2021 as against Rs.323 crores for the period ended March 31, 2019.
The company has reported EPS of Rs.29.88 for the period ended March 31, 2021 as compared to Rs.17.16 for the period ended March 31, 2019.
Total Income | ₹ 4335.94 crs | ₹ 3557.63 crs | 21.88% |
Net Profit | ₹ 562.57 crs | ₹ 323 crs | 74.17% |
EPS | ₹ 29.88 | ₹ 17.16 | 74.13% |
"In the given situation, our priority remains the safety and wellbeing of employees and extended communities. Health, Cost and Cash will continue to be our key focus in the coming quarters.
This quarter, we delivered highest ever revenue and operating EBIT. Our cost efficiency project 'Parvat' is on track and has helped in managing some continuing cost headwinds.
The grinding unit expansion in Sindri was completed in record time and is fully operational. The execution of our Greenfield growth project in Ametha and associated grinding units is progressing as per plan. Additionally, our efficiency projects such as Waste Heat Recovery are on track.
During this quarter, we launched the green concrete "ECOPact", which is a major milestone in our journey of innovation and sustainability.
We have demonstrated strong resilience which has been reflected in our performance this quarter. We aim to continue driving the four stated strategic priorities: Performance, Growth, Innovation and Sustainability." said Sridhar Balakrishnan, Managing Director and CEO.
The Company believes that the Government is taking all possible steps to intensify the vaccination program and control the spread of Covid. With Government's increased spending and its strong focus on infrastructure development, we maintain a cautious yet positive outlook for overall cement demand in the coming months.
Shares of ACC LTD. was last trading in BSE at Rs.1876.85 as compared to the previous close of Rs. 1881.75. The total number of shares traded during the day was 36594 in over 2202 trades.
The stock hit an intraday high of Rs. 1883.1 and intraday low of 1828. The net turnover during the day was Rs. 67884248.
Source : Equity Bulls
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