ACC posts 18% YoY growth in Q4 net profit; declares Rs 14 dividend

Cement major ACC on Friday posted 18 per cent year-on-year (YoY) rise in consolidated net profit at Rs 273 crore for the quarter ended December 31. It had reported a net profit of Rs 232 crore in the same period last year.

Net sales of the company grew 5 per cent YoY to Rs 3,970 crore during the quarter under review.

“We continue on our strong growth trajectory and have delivered a robust performance. Expansion in EBITDA has been supported by growth in premium products, higher value added services in our Read Mix Concrete business and efficiencies in manufacturing, supply chain and support functions. Our expansion projects are well on track,” said Neeraj Akhoury, Managing Director and CEO, ACC.


The company also recommended payment of a dividend of Rs 14 per share on a face value of Rs 10.

Operating EBITDA for the quarter witnessed a growth of 11 per cent to Rs 541 crore against Rs 488 crore during the same quarter last year.

“Input cost optimized through better material source mix optimisation and supply chain management. Freight & Forwarding cost reduced year-on-year due to improvement in logistics efficiency,” ACC said in a release.

The company also said that the government’s major announcement to grant full tax exemption for sovereign wealth funds for investment in infrastructure projects along with abolition of DDT will be positive for new investments in the sector and help in revival of cement demand.