ACC Q3 Results Review - Beat On All Fronts; Retain Buy: Axis Securities

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Axis Securities Report.ACC Ltd.'s reported a steller set of numbers as its Volume/Revenue/Ebitda/APAT grew by 16%/8%/139%/375% YoY (above expectations), driven by better demand, higher realization and lower cost.The company recorded an Ebitda Margin of 18.4% against 8.4% YoY (above estimates), primarily owing to the lower fuel/freight and fixed cost on a YoY basis. ACC’s blended Ebitda/tonne stood at Rs 1,017, up 106% YoY and it reported blended realization/tonne of Rs 5,522 against Rs 5,475 up 4% QoQ.The volume for the quarter stood at 8.6 million tonnes per annum, up 16%/10% YoY/QoQ (above expectations). Cost/tonne lowered by 17% YoY to Rs 4,505 on account of better synergies, and lower fuel and freight costs. The company reported a profit of Rs 538 crore, up 375% YoY..Click on the attachment to read the full report:.Nova AgriTech IPO Allotment To Be Out Soon: How To Check Allotment Status.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ACC Q3 Results Review - Beat On All Fronts; Retain Buy: Axis Securities

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