ACC

By Research Desk
about 11 years ago
ACC

 

Just like Ambuja, ACC too has ‘managed’ to show a good net profit for Q4CY13 due to a tax write back of Rs.36 crore.  This meant that despite a flat net sales at Rs.2693 crore v/s Rs.2691 crore in previous Q4, the company ended the quarter with a 10% rise in net profit at Rs.276 crore. Its sales volume dropped 2% (YoY) at 5.85 million tones though a 2% rise in realization helped shore the topline.

Its EBITDA declined 17% at Rs.263 crore while margins slumped 190 bps to 9.8%, falling much short of most analysts expectations. The only good news was the its RMC business showed a positive EBIT with a 27% rise in revenue. Again, based on demand in the market right now, like Ambuja, ACC does not expect any improvement in the scenario in the near future.

2192.00 (-5.65)

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