ACC Q2 earnings; here's what experts say

NEW DELHI: Cement manufacturer ACC is all set to report its second quarter results on Wednesday. Analysts largely expect the company to report 7-8 per cent volume growth for the quarter and expect the Ebitda per tonne to rise on low base.

Kotak Securities is expecting the company to report a 7 per cent YoY (down 12% QoQ) growth in volumes to 6.4 million tonnes. It sees realisations to increase 3 per cent YoY and (up 1 per cent QoQ) to Rs 5,000 per tonne.

"Cement prices were up in Central and North regions, which accounts for 40 per cent of the company’s volumes) but declined in South and West (40 per cent of volumes). We estimate Ebitda per tonne to increase to Rs 860 per tonne, up 21 per cent QoQ largely led by lower costs as 2QCY18 included Rs 43.80 crore as employee separation expense (one-off),” the brokerage said.


Edelweiss Securities expects the company to report 8 per cent YoY growth in cement sales volumes. Realisations may stay nearly flat on sequential basis, it said, adding that the impact of rising energy cost would lead to Ebitda per tonnes falling by 7 per cent on sequential basis to Rs 798. That said, a low base may still ensure 15 per cent growth on YoY basis, it said.