ACC net profit up 74 pct YoY in Jan-March quarter at Rs 562 cr; Co maintains “cautious yet positive outlook”; See 7 takeaways from results

ACC Limited reported todaya profit of over Rs 562 cr for the quarter ended 31 March, 2021 which is up from Rs 323 cr during the corresponding quarter in FY20. The profit jumped by almost 74 per cent year-on-year. The company announced its results through exchange filings. The total revenues from operation were at Rs 4291 cr during this period as against Rs 3557 cr in Q1FY20.  

ACC takes its financial year between January and December. 

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ACC Q1 Results - Key Highlights 

1. Net sales went up by 22.7 per cent  
2. EBIDTA went up by over 46 per cent in Q1 FY21 at 860 against 586 in Q1 FY20 
3. EBIDTA margin was up to 20.4 per cent in Q1 FY21 as against 17.1 per cent in Q1 FY20 
4. Operational EBIT was at 717 in Q1 FY21, up by over 67 per cent from Q1 FY20 at 429 
5. The EPS was at Rs 30 in Q1 FY21, up by over 74 per cent against 17 per cent in Q1 FY20 
6. Commissioned large new grinding unit at Sindri in record time, adding a capacity of 1.4 MTPA 
7. Successfully launched “ECOPact”, the industry’s broadest range of green concretes   

“In the given situation, our priority remains the safety and wellbeing of employees and extended communities. Health, Cost and Cash will continue to be our key focus in the coming quarters,” the company said in its exchange filing quoting Sridhar Balakrishnan, Managing Director and CEO.  

“This quarter, we delivered highest ever revenue and operating EBIT. Our cost efficiency project ‘Parvat’ is on track and has helped in managing some continuing cost headwinds,” it further said. 

We have demonstrated strong resilience which has been reflected in our performance this quarter. We aim to continue driving the four stated strategic priorities: Performance, Growth, Innovation and Sustainability,” CEO said.