Q2CY21 Result Update - ACC Ltd - ICICI Direct

ACC reported a healthy operational performance in Q1FY22 wherein it managed to improve margins and profitability despite lower revenues.

- Clocked revenue of Rs. 3884.9 crore, up 49.3% YoY but down 9.5% QoQ driven by sales volumes (up 42.5% YoY to 6.84 MT)

- EBITDA/t up 16.1% YoY to Rs. 1271/t (vs. last quarter EBITDA/t of Rs. 1079/t. EBITDA margin was at 22.4%, up 218 bps YoY, 233 bps QoQ

- Ensuing PAT was at Rs. 569.4 crore, up 110.1% YoY, 1.2% QoQ

Key triggers for future price performance

- The company is raising its capacity to 39.3 MT entailing a capex of ~Rs. 3500 crore, which would be funded through internal accruals

- ACC aims to bring down the cost by Rs. 200/t via optimising logistics and fixed cost, as its cost of production is ~15% higher than the industry average

For details, click on the link below: Link to the report

Shares of ACC LTD. was last trading in BSE at Rs. 2308.55 as compared to the previous close of Rs. 2150.65. The total number of shares traded during the day was 341721 in over 22148 trades.

The stock hit an intraday high of Rs. 2342.95 and intraday low of 2191.9. The net turnover during the day was Rs. 781269776.

Source : Equity Bulls

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