ACC hits new high
By
Ruma Dubey
about 3 years ago
ACC delivered a very strong set of earnings for Q2CY21 (Jan-Dec year). On a 51% (YoY) rise in consolidated net sales, the PAT came in at Rs.569 crore, up 110%. Lower base effect, increase in sales and cost optimization helped.
EBITDA was up 65% at Rs.869 crore while margins were at 19%. Cement sales volume rose 44% at 6.84 mt while that of RMX was up 293% at 0.53 Mio. Its EBITDA cost per ton rose from Rs.1128 to Rs.1235. Raw material costs rose 37% and that of power & fuel by 27%.
Selling price rose 2% at Rs.5153/ton.
The stock, which had closed yesterday at Rs.2150.65, opened today at Rs.2225 and surged on to hit a new high at Rs.2278 on the back of 3-times rise in volumes.