ACC Limited on Monday released its fiscal third quarter earnings report, reporting profit at Rs 1091.79 crore, registering a growth of 103.06 percent compared to Rs 537.67 crore recorded during the same period last fiscal.
It recorded revenue from operations at Rs 5207.29 crore, up 7.25 percent from Rs 4855.22 crore recorded during the third quarter of FY24. The revenue growth was helped by an increase in trade sales volume (up 11 percent) and premium product as a percentage of trade sales growing to 32 percent.
The company’s EBITDA stood at Rs 1115.7 crore, up 23.4 percent compared to the same period last year. ACC recorded highest ever quarterly volume growth of 21 per cent at 10.7 MnT.
The company recorded cash and cash equivalents of Rs 2526 crore, up by Rs 1091 crore during the current quarter, marking the highest ever net worth of Rs 17,816 crore.
Ajay Kapur, Whole Time Director & CEO, ACC Ltd said, “Our third quarter results demonstrate our strategic focus on driving growth through higher volumes, cost optimisation and enhanced efficiencies.
With strong demand for our premium cement products and our commitment to excellence across all parameters in line with our ESG leadership, we are leveraging innovation and sustainability to maintain our competitive edge and maximise stakeholder value.
We are well placed to achieve sustained profitability and capitalise on the strategic vision we have set for our business.” The cement sector experienced modest growth of 1.5-2 percent during H1 FY25.
Looking ahead, the company said, cement demand is expected to rebound in Q4FY25 owing to a pick-up in construction activity in the infrastructure and housing sectors. Increased government spending on infrastructure and construction activities as well as the Infra and Housing Pro-2025 budget are expected to further support this growth.
Cement demand is projected to grow in the range of 4-5 percent in FY25,” it said.
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