ACC Ltd reports consolidated PAT of Rs. 450.19 crore in Q3CY21

ACC Limited has reported Consolidated financial results for the period ended September 30, 2021.

Financial Results (Q3 CY2021) - QoQ Comparison

The company has reported total income of Rs. 3812.31 crores during the period ended September 30, 2021 as compared to Rs. 3930.49 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs. 450.19 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs. 569.42 crores for the period ended June 30, 2021.

The company has reported EPS of Rs. 23.91 for the period ended September 30, 2021 as compared to Rs. 30.24 for the period ended June 30, 2021.

Financials	Q3 CY2021	Q2 CY2021	% Change
Total Income	₹ 3812.31 crs	₹3930.49 crs	-3.01%
Net Profit	₹450.19 crs	₹569.42 crs	-20.94%
EPS	₹23.91	₹30.24	-20.93%

Financial Results (Q3 CY2021) - YoY Comparison

The company has reported total income of Rs. 3812.31 crores during the period ended September 30, 2021 as compared to Rs.3582.82 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.450.19 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs.363.84 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.23.91 for the period ended September 30, 2021 as compared to Rs.19.33 for the period ended September 30, 2020.

Financials	Q3 CY2021	Q3 CY2020	% Change
Total Income	₹ 3812.31 crs	₹3582.82 crs	6.41%
Net Profit	₹450.19 crs	₹363.84 crs	23.73%
EPS	₹23.91	₹19.33	23.69%

Financial Results (9 Months Ended CY2021) - YoY Comparison

The company has reported total income of Rs.12078.74 crores during the 9 Months period ended September 30, 2021 as compared to Rs.9793.97 crores during the 9 Months period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.1582.18 crores for the 9 Months period ended September 30, 2021 as against net profit / (loss) of Rs.957.76 crores for the 9 Months period ended September 30, 2020.

The company has reported EPS of Rs.84.03 for the 9 Months period ended September 30, 2021 as compared to Rs.50.89 for the 9 Months period ended September 30, 2020.

Financials	9 Months Ended CY2021	9 Months Ended CY2020	% Change
Total Income	₹12078.74 crs	₹9793.97 crs	23.33%
Net Profit	₹1582.18 crs	₹957.76 crs	65.20%
EPS	₹84.03	₹50.89	65.12%

"ACC has recorded solid performance during the quarter through operational excellence and focus on sustainability while meeting customers' needs. Despite steep increase in fuel costs, our cost efficiency measures under project 'Parvat' have enabled us to maintain robust performance.

During this period, ACC became the first company in the Indian construction sector to sign the Net Zero Pledge - Business Ambition for 1.5°C. It is a commitment towards the 2030 intermediate targets to reduce greenhouse gas emissions, as approved by the Science Based Target initiative (SBTi). We continue to drive low CO2 products and solutions such as ECOPact, which have performed very well during the last quarter.

I am confident that our relentless focus on execution of cost efficiency and capacity expansion projects will enable us to deliver strong shareholder value" said Sridhar Balakrishnan, Managing Director and CEO.

Shares of ACC Limited was last trading in BSE at Rs. 2245.50 as compared to the previous close of Rs. 2304.25. The total number of shares traded during the day was 23166 in over 2349 trades.

The stock hit an intraday high of Rs. 2330.00 and intraday low of 2234.00. The net turnover during the day was Rs. 52757120.00.

Source : Equity Bulls

Keywords

ACC Q3CY21 9MCY21 ResultUpdate