ACC Q1 Review - Healthy Operational Performance: ICICI Direct
A worker carries a sack of cement from a truck in a warehouse (Photographer: Udit Kulshrestha/Bloomberg)

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.

Click on the attachment to read the full report:

ICICI Direct ACC Q1FY22 Result Update.pdf


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