InvestorQ : How were the results of ACC on 19 October?
ishika Banerjee made post

How were the results of ACC on 19 October?

7 months ago

For the quarter ended Sep-20, India’s flagship cement company, ACC, saw its net profit grow by 34% to Rs.364 crore on sequential basis. However, the total sales revenues remained virtually flat on a yoy basis Rs.3,537 crore.

Compared to Jun-20, the operating profits were 41% higher at Rs.511 crore. Even on a yoy basis, the operating profits was up by 25.8%. The better profit performance was on the back of better cost control and lower prices of inputs.

ACC also saw a proper expansion in its operating profit margins on a yoy basis. Its OPM expanded sharply by over 3% to 14.43%. Cement demand, however, is yet to pick up significantly post the gap created by the pandemic in the construction demand.