ACC posts 103% surge in net profit to ₹1091.7 crore, revenue up 20.6%

In the year-ago period, the net profit stood at ₹537.63 crore.

Revenue from operations (including government grants) stood at ₹5,927.38 crore in the quarter under review, up 20.6% from ₹4914.36 crore a year back.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 23.4% to ₹1,115.7 crore in the third quarter of the current fiscal year, compared to ₹904.3 crore in the corresponding period last fiscal.

EBITDA margin was at 18.8% vs 18.4% in Q3 FY24.

ACC share price

Shares of ACC were trading 1.26% lower at ₹2,032.95 apiece on the National Stock Exchange (NSE) at 2:24 pm. The market capitalisation stands at ₹38,176.21 crore.

The cement maker's volume grew 21% year-on-year (YoY) to 10.7 million tonnes (MnT), its highest-ever volume in a quarter. Other key performance indicators (KPIs) like efficiencies, capex, and cost have shown healthy improvements, the company said.

Cash and cash equivalent was at ₹2,526 crore, with the highest ever net worth at ₹17,816 crore, up by ₹1,091 crore during the current quarter.

Ajay Kapur, Whole Time Director and CEO of ACC Ltd, said, "Our Q3 results demonstrate our strategic focus on driving growth through higher volumes, cost optimisation, and enhanced efficiencies. With strong demand for our premium cement products, and our commitment to excellence on all parameters in line with our ESG leadership, we are leveraging innovation and sustainability to maintain our competitive edge and maximise stakeholder value.

"We are well-poised to achieve sustained profitability and capitalise on our strategic vision set forth for our business," he added.