ACC Ltd Q2FY18
Consolidated Results Q2FY18: (Rs. in crore)
|EBITDA Margin (%)||13.3||341|
|Net Profit (adjusted)||181.5||102.3|
ACC consolidated revenue for the quarter came in at Rs. 3116.5 crore, registering 9.6% yoy increase. This was driven by increase in revenue from Ready Mix Concrete (RMC) and Cement by 19% yoy and 9% yoy, respectively.
EBITDA for the quarter rose by 47.3% yoy to Rs. 415.8 crore with a corresponding margin expansion of 341 bps. EBITDA margin for the quarter stood at 13.3%.
The PAT for the quarter came in at Rs. 181.5 crore, yoy increase of 102.3%.
This strong result has been achieved through an increased focus on premium products, improved customer service levels and cost optimization.
Company expects demand from cement and related products to stay favourable in the coming quarters spurred by government’s increase spending on infrastructure, particularly roads, highways and affordable housing.
ACC Ltd is currently trading at Rs. 1,804.40, up by 19.5 points or 1.09% from its previous closing of Rs. 1,784.90 on the BSE.
The scrip opened at Rs. 1,798.85 and has touched a high and low of Rs. 1,815.20 and Rs. 1,769.95 respectively. So far 10,77,597(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
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