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Informist, Thursday, Apr. 24, 2025

 

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--ACC Jan-Mar consol net profit INR 7.51 bln 
--ACC Jan-Mar consol net profit INR 7.51 bln vs 9.43 bln year ago 
--ACC to pay INR 7.50 per share dividend for FY25 
--ACC Jan-Mar consol revenue INR 59.92 bln vs 53.17 bln year ago 
--ACC FY25 consol net profit INR 24.02 bln vs INR 23.35 bln year ago 
--ACC FY25 consol revenue INR 207.89 bln vs INR 196.81 bln year ago 
--ACC: One time income of INR 1.35 bln in Jan-Mar 
--ACC Jan-Mar operating EBITDA INR 8.30 bln vs INR 8.37 bln year ago 
--ACC Jan-Mar operating EBITDA per tn INR 698 vs INR 800 year ago 
--ACC Jan-Mar cement, clinker sales volume 11.9 mln tn vs 10.5 mln tn yr ago 
--ACC FY25 cement, clinker sales volume 42.20 mln tn vs 36.90 mln tn yr ago 
 

 

By P Madhu Kumar

 

MUMBAI — Cement major ACC Ltd. reported an over 20?ll in its net profit for the March quarter despite a near 13% rise in sales. A 65% increase in purchase of stock-in-trade and a 24% rise in the cost of raw materials negated the rise in sales. ACC reported a net profit of INR 7.51 billion for the March quarter, lower than INR 9.43 billion in the year-ago quarter. The profit, however, beat analysts' estimate of INR 4.73 billion. 

 

ACC received government grants of INR 748.5 million, down nearly 90% on year. The company's other income fell 62% on year to INR 1.94 billion. ACC's one-time income for the quarter was a negative INR 1.35 billion. Clinker and cement sales volume in 2024-25 (Apr-Mar) increased to 42.2 million tonnes, up 14% on year. For the March quarter, cement and clinker sales rose 13% to 11.9 million tonnes. 

 

The company announced dividend of INR 7.50 per share. It reported operating earnings before interest, tax, depreciation, and amortisation of INR 8.30 billion.

 

The company said its EBITDA margin for the latest quarter was 13.7%, down from 15.5% in the year-ago quarter. For the full year, the EBITDA margin was 14.1%, down from 15.3% the previous year. The full-year EBIDTA was almost unchanged at INR 30.61 billion compared with INR 30.62 billion for the previous year.

 

The company's other income for the March quarter rose 62% to INR 1.9 billion from INR 1.2 billion in the year-ago quarter. This took the total income for the latest quarter to INR 62.60 billion, up 13% from INR 55.23 billion. On a sequential basis, the revenue was up 15%, while other income was down 70% and total income was down almost 5%. Sales volume for the latest quarter rose to 11.9 million tonnes, up 14% on year, the company said.

 

ACC's power and fuel expenses for the latest quarter were INR 8.70 billion, down nearly 11% on year. The company's total expenses stood at INR 55.14 billion, up 13% compared to a year ago, when it stood at INR 48.75 billion. Freight and forwarding expenses rose marginally. The company's tax expense was at INR 1.31 billion, against a write-back of INR 603 million in the year-ago quarter.

 

The company said cement demand during FY26 will continue to benefit from government spending on infrastructure and construction. ACC said it expects cement demand to grow 7-8% in the current financial year.  Following the announcement of its earnings, the company's shares closed at INR 2,066.20 on the National Stock Exchange, up 0.7%.  End

 

Edited by Avishek Dutta

 

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