ACC net profit doubles in Q2

Shares of ACC jumped as much as 7% during the early trade on Tuesday, after the company reported an over two-fold jump in consolidated net profit for the second quarter ended June 2021.
The cement maker posted a net profit of Rs 569.45 crore, compared to a profit of Rs 270.95 crore in the April-June quarter a year ago.
The company follows the January-December financial year.
The company, reported revenue from operations of Rs 3,884.94 crore during the quarter, up 49.29% from Rs 2,602.24 crore in the year-ago period.

ACC, a subsidiary of Swiss building material major Holcim group (earlier LafargeHolcim), witnessed improvement in performance helped by a lower base, increase in sales and cost efficiency.
Total expenses climbed 40.97% to Rs 3,175.47 crore, compared to Rs 2,252.62 crore earlier. Revenue from cement rose 43.96% to Rs 3,672.31 crore, as against Rs 2,550.99 crore in the corresponding quarter of the previous year.
Cement sales volume jumped 43.7% to 6.84 million tonnes (MT) as against 4.76 MT in April-June 2020. Revenue from ready-mix concrete increased four-fold to Rs 255.08 crore, as against Rs 62.23 crore.

Disclaimer –
This document is meant for the recipient only for use as intended and not for circulation. This document should not be reproduced or copied or made available to others. The information contained herein is from the public domain or sources believed to be reliable. While reasonable care has been taken to ensure that information given is at the time believed to be fair and correct and opinions based thereupon are reasonable, due to the very nature of research it cannot be warranted or represented that it is accurate or complete and it should not be relied upon as such. Also above note is not a recommendation to Buy or SELL and is only a view based on facts and figures and we will be in no way responsible for any losses incurred by anyone who uses this information to either trade or invests securities mentioned herein.