STOCK TO WATCH: ACC’s Q1 PAT seen 40% down at Rs 238 crore

MUMBAI: Cement major ACC will be announcing its first quarter results today. The company is expected to report a 40 per cent fall in net profit on the back of weak volumes and higher costs.

The Q1 PAT is seen at Rs 238 crore as against Rs 398 crore in the corresponding quarter last fiscal, says an ET Now poll.
Sales for the period are seen at Rs 3010 crore, up 1.4 per cent, against Rs 2967 crore in the year-ago period.

EBITDA is expected to decline to Rs 345 crore, down 19 per cent, from Rs 425 crore, Year-on-Year (YoY), while margins are seen drifting lower to 11.4 per cent vs 14.3 per cent.

Volumes are likely to decline close to 6 per cent, YoY, whereas Q1 realisation may improve by nearly 5 per cent, YoY.
Volume growth recovery, outlook, cement pricing outlook and sustainability and update on Jamul expansion of 2.5MT will be key factors to watch out for in the results.