ACC Ltd on Monday released its fiscal third quarter earnings report with profit at Rs 1091.79 crore, posting a jump of 103.06 per cent in comparison to Rs 537.67 crore recorded during the same period of previous financial year. It posted revenue from operations at Rs 5207.29 crore, up 7.25 per cent from Rs 4855.22 crore recorded during the third quarter of FY24. The revenue growth was driven by higher trade sales volume (up by 11 per cent) and premium product as percentage of trade sales at 32 per cent. The company EBITDA stood at Rs 1115.7 crore, up 23.4 per cent YoY. ACC posted its highest quarterly volume growth of 21 per cent YoY at 10.7 MnT.
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The company recorded cash & cash equivalent at Rs 2526 crore, with highest ever net worth at Rs 17,816 crore, up by Rs 1091 crore during the current quarter.
Ajay Kapur, Whole Time Director & CEO, ACC Ltd, said, “Our Q3 results demonstrate our strategic focus on driving growth through higher volumes, cost optimisation, and enhanced efficiencies. With strong demand for our premium cement products, and our commitment to excellence on all parameters in line with our ESG leadership, we are leveraging innovation and sustainability to maintain our competitive edge and maximise stakeholder value. We are well-poised to achieve sustained profitability and capitalise on our strategic vision set forth for our business.”
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The cement sector experienced modest growth of 1.5-2 per cent during H1 FY25. Looking ahead, the company said, cement demand is expected to rebound in Q4FY25 as construction activity accelerates in the infrastructure and housing segments. The pro-infra and housing Budget 2025, along with increased government spending on infrastructure and construction activities, is anticipated to further support this growth. Cement demand is projected to grow in the range of 4-5 per cent for FY25,” it said.
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