ACC Q3 Review - Meets Estimates; Delivered Strongly On Cost Reduction, Still More To Come: Prabhudas Lilladher
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Prabhudas Lilladher Report
ACC Ltd.'s reported Q3 CY21 earnings in line with our expectations. Ebitda grew 2.5% YoY to Rs 6.17 billion (our estimate: Rs 6.07 billion), driven by 1.2%/1.2% growth in volumes and Ebitda/tonne.
ACC continued its strong work on cost front through increased coverage of volumes under master supply agreement, reduction in energy consumption and optimisation of logistics network with reduction in lead distance.
We expect further cost reduction of Rs 115-120/tonne, largely on account of upcoming waste heat recovery/solar plants and upgradation of plants.
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