ACC, one of the top cement manufacturers in India and a subsidiary of Holcim Group, reported a consolidated profit after tax of Rs 449 crore for the quarter ended September 2021 as compared to Rs 572 crore in the previous quarter.
Consolidated revenue came in higher at Rs 3748.9 crore for the quarter versus Rs 3,885 crore in the June 2021 quarter.
Volumes have grown on a YOY basis but have reduced marginally on a sequential basis due to the impact of back-ended monsoon in Sept’21. Realizations are marginally higher on a yearly basis but have declined on a sequential basis. Gross margin has been impacted because of a higher cost of production due to increased prices of coal, petcoke, and crude oil.
The stock opened at Rs 2,319 today, up Rs 15 from its previous day’s close. It has generated 45 percent returns over the past 1 year and 41% in this financial year. In the past month, the stock is on a downward trajectory and has generated -4.8 percent returns.Internet Explorer Channel Network