ACC

The company declared its third quarter numbers long after the sun had set and looking at the way in which profitability has taken a beating, this does not come as a surprise. For Q3 ended 30th Sept 2015 (year ending 31st Dec), the company’s numbers clearly showed the pressure. Subdued construction activity due to monsoon, seasonally, this was a weak quarter for the company. Volumes were flat at 5.61 million tonnes per annum (MTPA) v/s 5.62 MTPA (YoY) while selling price remained subdued too. It posted a consolidated net sales of Rs.2,740 crore as against Rs. 2,741.87 crore (YoY).

It’s EBITDA declined steeply by 17.38% at Rs.313.20 crore. Total expenses during the quarter were up 2.5%. Net profit was at Rs.115 crore, down 40%. In terms of segment-wise breakup, cement EBIT showed a 37% drop while RMC had a three times rise.  Looking ahead, ACC has stated that the pace of economic revival is slower than it had anticipated but it hopes that various economic factors will help in improving the economic scenario in the country which in turn will boost the cement industry.