ACC logs 60% decline in net profit in June quarter

15 Jul 2022 , 10:21 AM

ACC Limited announced its results for the quarter and half year ended June 30, 2022.

The company reported net sales of Rs4,393 crore in the quarter under review, as compared to Rs3,810 crore in Q2FY21. Sales for the half year stood at Rs8,715 crore as against Rs8,024 crore in the previous comparable period.

Company reported an EBITDA of Rs426 crore in Q2FY22, as compared to Rs869 crore in the previous corresponding quarter, down by 51% yoy. Half-yearly EBITDA stood at Rs1,061 crore as compared to Rs1,730 crore in the previous comparable period.

EBITDA margin for Q2FY22 stood at 9.7% as compared to 22.80% in the previous corresponding quarter.

Company’s PAT during the quarter under review witnessed a decline of 60.86% yoy at Rs227 crore as against Rs569 crore in Q2FY21. Half-yearly Net Profit reported at Rs624 crore as compared to Rs1,132 crore in HYFY21.

Waste heat recovery projects at the Jamul and Kymore plants are on track for completion in the third quarter of 2022.

The company has placed orders for the next wave of projects at the Chanda and Wadi plants.

At around 10.23 AM, ACC Ltd was trading at Rs2,156.10 down by Rs0.3 or 0.01% from its previous closing of Rs2,156.40 on the BSE. The scrip opened at Rs2,126 and has touched intraday high and low of Rs2,157 and Rs2,111.30 respectively.