BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Systematix Research Report
In CY21, ACC Ltd. achieved revenue growth of 17% YoY to Rs 161.5 billion, cement sales volume increase of 13.2% YoY to 28.1 million tonne and ready-mix concrete volume growth of 23.7% YoY to 2.8 cubic millimetre. Blended Ebitda too grew by an impressive 45% YoY to Rs 35.9 billion, led by-
higher volumes,
cost control measures (opex down 2% YoY on per tonne basis with a Rs 216/tonne reduction in freight cost),
a 4% YoY increase in realisations to Rs 5,474/tonne, and
Rs 1.12 billion received in incentives and Rs 1.55 billion recognised for new plants commissioned.
Also, Ebitda/tonne improved sharply to Rs 1,241 (up 28% YoY) – the highest ever for ACC, from Rs 728 in CY17, largely owing to cost control and aided by execution of a Master Supplier Agreement with Ambuja Cements Ltd.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
