InvestorQ : What explains the stellar results of ACC Ltd announced on 19 April?
Archita Jajjoo made post

What explains the stellar results of ACC Ltd announced on 19 April?

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Niti Shenoi answered.
2 months ago
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ACC Ltd, on 19 April, reported 74% growth in net profit at Rs.563 crore for the first quarter of the fiscal year 2021 ending Mar-21. The overall consolidated sales revenues for the quarter were up 23% at Rs.4,213 crore. The top line growth was largely driven by a 20% growth in volumes and a 7% growth in price realizations for cement.

It was this combination of higher volumes and better price realization that helped ACC to improve upon its operating profits. EBITDA was up 47% in Mar-21 quarter at Rs.860 crore while OPM improved by a full 330 bps to 20.4%. In the quarter, ACC commissioned a brand new grinding unit at Sindri in Dhanbad district, Jharkhand with capacity of 1.40 million TPA.

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