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Axis Securities Report
ACC Ltd. reported revenue growth of 3% year-on-year and Volume/Ebitda/APAT de-growth of 3%/26%/30% respectively YoY, attributable to lower volume growth and higher cost during the quarter.
The company recorded an Ebitda Margin of 14.3% against 20% YoY, which was below our expectation of 17.6%, primarily owing to the elevated input costs.
The volume for the quarter stood at 7.71 million tonnes per annum, down 3% YoY.
ACC’s blended Ebitda/tonne stood Rs 823, down 24% YoY and it reported blended realisation/tonne of Rs 5,741 against Rs 5,385, up 7% YoY.
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