ACC Q1 Review - Healthy Operational Performance: ICICI Direct
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ICICI Direct Report
ACC Ltd. reported a healthy operational performance in Q1 FY22 wherein it managed to improve margins and profitability despite lower revenues.
Reported sales volume of 6.84 million tonne was up 43.7% YoY. However, due to state wise restrictions, it was down 14.2% sequentially.
ACC's capacity utilisation was at 77% for the quarter. Blended realisations of Rs 5680/were up 3.9% YoY, 5.5% QoQ.
Ready mix concrete revenues improved sharply on a YoY basis to Rs 255 crore. QoQ, it was down 29.2% due to limited business activity.
Cost of production was up 1.9% YoY to Rs 4,409/tonne (up 2.4% QoQ) due to a sharp increase in power and fuel costs.
However, Ebitda margins expanded 218 basis points YoY (up 233 bps QoQ) due to better sales realisations.
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