Categories: Business

ACC back in black with profit at Rs 388 crore in Q2, revenue rises 11.2% to Rs 4,435 crore

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Cement maker ACC Ltd on Thursday reported a consolidated internet revenue of Rs 387.88 crore within the July-September quarter, helped by elevated gross sales, softening kiln gas value, improved demand for premium merchandise and operational effectivity.

The corporate had reported a lack of Rs 87.32 crore within the corresponding interval a 12 months in the past, mentioned ACC, now part of Adani Cement, in a BSE submitting.

Complete income from operations additionally elevated 11.22 per cent to Rs 4,434.73 crore throughout the quarter beneath assessment as towards Rs 3,987.34 crore within the corresponding interval a 12 months in the past.

Gross sales quantity (cement & clinker) elevated by 17.4 per cent year-on-year to eight.1 million tonnes within the September quarter, based on an earnings assertion.

ACC’s whole-time Director & CEO Ajay Kapur mentioned: “This progress is attributed to the improved demand for our premium cement merchandise up by 1.5 pp YoY, internet seller addition of 534 throughout the quarter throughout all markets, coupled with our dedication to enhancing operational effectivity and prioritizing environmental sustainability.”

Complete bills of ACC stood at Rs 4,127.11 crore within the September quarter, down 0.84 per cent year-on-year.

Its whole revenue was up 14.48 per cent to Rs 4,644.78 crore within the September quarter.

“The operational excellence journey continues to ship improved productiveness & efficiency which have helped cut back working prices and enhance the underside line,” mentioned the Adani group agency.
In the course of the quarter, kiln gas price was lowered by 42 per cent, which was pushed by gas combine optimisation and better alternate gas consumptions, it added.

“Our dedication to enhancing logistics efficiencies has resulted in a road-direct-despatch enhance from 52 per cent to 58 per cent and a rise in rail coefficient by 5 pp to 34 per cent,” it mentioned.

Over the outlook, Kapur mentioned the cement trade will witness volumetric progress because the demand surroundings stays sturdy on the again of elevated housing and infrastructure spending.

“Wholesome progress and demand prospects auger nicely with the corporate’s progress ambition with main margins,” it added.

Shares of ACC Ltd on Thursday settled at Rs 1,907.80 apiece on the BSE, up 0.92 per cent from the earlier shut.

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Amirul

CEO OF THTBITS.com, sharing my insights with people who have the same thoughts gave me the opportunity to express what I believe in and make changes in the world.