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This Article is From Apr 20, 2022

ACC Q1 CY22 Result Review - Cost Inflation Drags Margin; Upcoming Capacity To Drive Growth: Axis Securities

ACC Q1 CY22 Result Review - Cost Inflation Drags Margin; Upcoming Capacity To Drive Growth: Axis Securities
A worker unloads sacks of cement from a freight train in Mumbai. (Photographer: Kuni Takahashi/Bloomberg)  

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.

Axis Securities Report

ACC Ltd. reported revenue growth of 3% year-on-year and Volume/Ebitda/APAT de-growth of 3%/26%/30% respectively YoY, attributable to lower volume growth and higher cost during the quarter.

The company recorded an Ebitda Margin of 14.3% against 20% YoY, which was below our expectation of 17.6%, primarily owing to the elevated input costs.

The volume for the quarter stood at 7.71 million tonnes per annum, down 3% YoY.

ACC's blended Ebitda/tonne stood Rs 823, down 24% YoY and it reported blended realisation/tonne of Rs 5,741 against Rs 5,385, up 7% YoY.

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.

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