Economy & Market
ACCâ€
ACC has recorded strong performance in the challenging quarter. It?? net sales during the quarter increased to Rs 3,810 cr, recording a growth of 51% as compared to previous year.
Below are the key highlights of the company performance.
Performance
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Net Sales during the quarter increased to Rs 3,810 cr, a growth of 51% vs previous year
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EBITDA during the quarter up by 65% vs previous year at Rs 869 cr, with an EBITDA margin expansion of 200 basis points
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Strong delivery on cost efficiency actions under project ??arvat??across cost levers
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Healthy working capital despite volatility due to second wave of Covid 19
Consolidated Financial Results for second quarter (April-June) 2021
?? am proud of the way team ACC has recorded very good performance this quarter. With a strong focus on supply chain efficiencies and cost optimisation, the company has emerged stronger and more resilient. Waste Heat Recovery System projects at various sites are progressing well. The large cement capacity expansion project at Ametha in Madhya Pradesh has commenced.
At the forefront of green building solutions, our parent company has been recently rebranded as Holcim. This new chapter of our journey to become the global leader in innovative and sustainable building solutions is very relevant to ACC. We have started our transformation journey to offer sustainable building materials and solutions in India. We continue to focus on new product developments to launch green, value-added and innovative products such as ECOPact??confirmed Sridhar Balakrishnan, Managing Director and CEO.
Covid 19 Update
Sufficient infrastructure and medical support are made available to secure safety of our employees. Our team continuously monitors the situation and takes proactive steps to ensure the health and safety of our employees and communities.
Outlook
Demand is expected to recover supported strongly by Government?? increased spending on large scale infrastructure projects which augurs well for the cement sector.