ACC Ltd.

NSE: ACC | BSE: 500410 | ISIN: INE012A01025 | Industry: Cement & Cement Products
| Mid-range Performer

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ACC Ltd.
16 Oct 2019
1879.10
1.13%
ICICI Securities Limited
ACC reported an in line operational performance but disappointed on PAT front due to higher-than-expected tax expenses. Revenues grew 3% YoY to | 3,464 crore (marginally below I-direct estimates) on the back of healthy realisation growth, at | 5,380/t, up 4.7% YoY. Volumes declined 1.7% YoY to 6.44 MT owing to muted demand scenario during the quarter due to a weak economic scenario and extended monsoons. The RMC division continued to grow in double digits, posting 11% YoY volume growth to 0.81 lakh cubic metre. Profitability witnessed an improvement during the quarter...
ACC Ltd. is trading above its 100 day SMA of 1875.7
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