Conference Call with ACC Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.
Cement products firm ACC announced Q3FY23 results: Q3FY23: Net Revenue is up 14% at Rs 4,537 crore and volume is up by 12% at 7.7 MT QoQ Cost reduction by Rs 368 PMT from Rs 5,738 PMT to Rs 5,370 PMT QoQ EBITDA jumped from Rs 124 PMT to Rs 542 PMT QoQ led by cost optimisation PAT back into profit at Rs 113 crore compared to a negative PAT of Rs 87 crore last quarter Cash and Cash Equivalents at the end of the quarter are Rs 2,835 crore. "Higher demand for cement due to a pickup in construction activities and our relentless focus on operational excellence, reduction in fuel and logistics costs by leveraging on synergies with Group's adjacencies, improvement & expansion of our dealer network to serve nearest markets, helped us to clock a robust sequential growth in our top line and margins. With the rise in construction activities across our markets, we see the continuation of the elevated demand and strong volumes in the coming quarters as well", said Mr. Ajay Kapur, Whole Time Director & CEO, ACC Limited. "During the quarter, AFR Consumption volume increased by 33% due to various debottlenecking initiatives and a strong focus on cost optimization. We successfully commissioned WHRS at Kymore & Jamul, while Ametha Integrated Unit expansion will be completed by Q2FY24." Result PDF