ACC jumps over 6 per cent, touches 52-week high; reports strong Q1 earnings

ACC’s net sales during the quarter increased to Rs 3,810 crore, a growth of 51 per cent in comparison to the previous year. EBITDA during the quarter went up by 65 per cent on QoQ basis at Rs 869 crore.

ACC’s share price rallied by 6.50 per cent during the early market hours and touched a 52-week high of Rs 2,299.90 on the back of strong quarterly results. 

ACC’s net sales during the quarter increased to Rs 3,810 crore, a growth of 51 per cent in comparison to the previous year. EBITDA during the quarter went up by 65 per cent on QoQ basis at Rs 869 crore.  

EBITDA margin witnessed an expansion of 200 basis points. Financials exhibit healthy working capital despite volatility due to the second wave of the COVID-19. EBIT margin expanded by mega 460 basis points, driven by efficiencies under the project Parvat.  

The company has increased focus on developments and launch of green, value-added and innovative products. Green concrete ‘ECOPact’ rose to 6 per cent of the total RMX sales.  

The company believes that demand is expected to recover, supported strongly by the government’s increased spending on large scale infrastructure projects, which augurs well for the cement sector. The company is fundamentally strong to capitalise on the growth momentum in the coming quarters.  

ACC Limited, a member of Holcim Group, is one of India’s leading producers of cement and ready-mix concrete. It has approximately 6,000 employees, 17 cement manufacturing sites, 79 concrete plants, and a nationwide network of over 50,000 retail outlets to serve its customers. With a world-class R&D centre in Mumbai, the quality of ACC’s products & services along with its commitment to technological development, make it a preferred brand in building materials. Established in 1936, ACC is counted among the country’s 'most sustainable companies' and it is recognised for its best practices in environmental management and corporate citizenship.