ACC: Profitability drives Q1 numbers; stock closes flat at Rs 1,591

Healthy volume growth, better realisations helped the company report higher profit per tonne

cement
Premium

Ujjval Jauhari
ACC’s March 2018 quarter performance beat expectations on the profitability front, driven by higher realisation and volume.

During the first quarter, the company’s cement sales volumes grew 7.7 per cent year-on-year, or y-o-y, (2.7 per cent sequentially) to 7.11 million tonnes (mt). ACC follows January-December fiscal year.

The sales volume growth was led by strong demand, mainly in the east where stabilisation of its new commissioned units in Jamul and Sindri helped. The region has also witnessed improving cement prices compared to other areas. Hence, pan-Indian player ACC can surprise with better average realisations. 

First Published: Apr 20 2018 | 05:59 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com