ACC Q2CY17 consolidated net profit rises 32.6% yoy : Beats Estimates

India Infoline Research Team | July 17, 2017 16:45 IST

ACC Ltd Q2CY17

Consolidated Results Q2CY17: (Rs. in crore)

Q2CY17 YoY (%)
Revenue 3,453 19.9
EDITDA 637 37.7
EBITDA Margin (%) 18.4 239
Net Profit (adjusted) 326 32.6
***EBITDA margin change is bps
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Reco. Price

1636.35

Last updated on

11-Jul-2017


ACC's Q2CY17 consolidated results for the quarter registered a beat on street estimates. Revenue for the quarter came in 6.1 % higher than the estimated figure of Rs. 3255 crore. EBITDA for the quarter came in 27.1 % higher than the estimated figure of Rs. 501 crore. And lastly, net profit for the quarter came in 15.7 % higher than the estimated figure of Rs. 282 crore.

ACC consolidated revenue for the quarter came in at Rs. 3453 crore, registering 19.9% yoy increase. This was driven by increase in revenue from Cement and RMC (Ready Mix Concrete) by 21% yoy and 13% yoy respectively. The speedy ramp up of Jamul integrated project helps the company to reap benefits and strengthen its market presence in Eastern region.

EBITDA for the quarter rose by 37.7% yoy to Rs. 637 crore with a corresponding margin expansion of 239 bps. EBITDA margin for the quarter stood at 18.4%. Company has improved productivity & operating efficiencies including raw material and fuel optimization on a sustainable basis, thereby mitigating the adverse impact of rising raw material and fuel prices.

The PAT for the quarter came in at Rs. 326 crore, yoy increase of 32.6%.

The board of directors approved an interim dividend of Rs. 11 per equity share of Rs. 10 each.

The company expects upward trajectory in cement demand supported by the prospects of normal monsoon. Also, growing momentum of smart cities and urban infrastructure development & housing projects, coupled with the implementation of GST will bring growth opportunities for the sector.





Technical View:

ACC Ltd is currently trading at Rs. 1,751.25, down by 1.35 points or 0.08% from its previous closing of Rs. 1,752.60 on the BSE.
The scrip opened at Rs. 1,753 and has touched a high and low of Rs. 1,778.75 and Rs. 1,731.20 respectively. So far 10,86,874(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

BSE 1,631.65 [59.05] ([3.49]%)
NSE 1,632.65 [55.65] ([3.30]%)

***Note: This is a NSE Chart

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