BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
KRChokey Research Report
ACC Ltd. reported revenue growth of 49.3% YoY at Rs 38,849 million, 17.9% above our estimate.
Cement volume saw strong growth of 43.7% YoY to 6.8 million tonne from 4.8 million tonne in Q2 CY20, mainly driven by robust demand and low base effect.
Ebitda for the quarter was up by 65.5% YoY (1.1% QoQ) to Rs 8,693 million. Ebitda margin expanded by 219 basis points YoY/ 233 bps QoQ to 22.4%.
Margin expansion was largely due to effective cost control on ACC's part driven by efficiencies under project 'Parvat', geo-mix and network optimisation.
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