ACC posted a 31.3% yoy growth in its stand-alone net sales to Rs. 2,150cr on
account of 17.8% growth in dispatches and 11.5% higher realization.
ACC's dispatches for the September quarter stood at 5.69 mn tonnes, up 17.8% yoy, on
account of higher capacity (on a yoy basis) operational at Wadi and Chanda
during the quarter.
The realization too was higher by 11.5% yoy at Rs. 3,779 / tonne.
However, on a sequential basis, realization was down by 6.8%. Despite the
substantial yoy improvement in realization, OPM rose only by a marginal 1.33%
and stood at a low 14.2% due to the surge in raw material, freight and power and
fuel costs. The company’s net profit rose by 67.5% yoy to Rs. 168cr.
We remain Neutral on the share.
Review by Angel Broking
account of 17.8% growth in dispatches and 11.5% higher realization.
ACC's dispatches for the September quarter stood at 5.69 mn tonnes, up 17.8% yoy, on
account of higher capacity (on a yoy basis) operational at Wadi and Chanda
during the quarter.
The realization too was higher by 11.5% yoy at Rs. 3,779 / tonne.
However, on a sequential basis, realization was down by 6.8%. Despite the
substantial yoy improvement in realization, OPM rose only by a marginal 1.33%
and stood at a low 14.2% due to the surge in raw material, freight and power and
fuel costs. The company’s net profit rose by 67.5% yoy to Rs. 168cr.
We remain Neutral on the share.
Review by Angel Broking
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