{"id":22640,"date":"2022-02-10T10:39:27","date_gmt":"2022-02-10T05:09:27","guid":{"rendered":"https:\/\/tradebrains.in\/features\/acc-limited\/"},"modified":"2022-02-10T10:39:27","modified_gmt":"2022-02-10T05:09:27","slug":"acc-limited","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/acc-limited\/","title":{"rendered":"A Year of Strong Performance by ACC; Fresh Capacity Expansions Commissioned"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-129480742\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Mumbai, Maharashtra, India \u2013 Business Wire India  Full Year 2021  \u25cf 40% increase in EBIT with margin expansion of 250 basis points \u25cf Profit after Tax improved by 30% compared to the previous year \u25cf Strong scaleup of Green Concrete \u2018ECOPact\u2019 in the first year of launch   October \u2013 December Quarter 2021  \u25cf EBIT at Rs.  396 Cr; adverse input inflation partly offset by strong cost savings \u25cf Investments in Ametha expansion project progressing well  Consolidated Financial Results           Quarter Oct-Dec 2021  Quarter Oct-Dec 2020  Year Jan-Dec 2021  Year Jan-Dec 2020  Sales Volume \u2013 Cement  Million Tonnes  7.49  7.71  28.89  25.53  Sales Volume \u2013 Ready Mix Concrete  Million Cubic metres  0.73  0.73  2.81  2.27  Net Sales  Rs. Crore  4,137  4,066  15,814  13,487  EBITDA#  Rs. Crore  556  572  2,998  2,355  EBITDA Margin  %  13.4%  14.1%  19.0%  17.5%  Operating EBIT#  Rs. Crore  396  414  2,397  1,716  Operating EBIT Margin  %  9.6%  10.2%  15.2%  12.7%  Profit before exceptional items and tax#  Rs. Crore    439    465    2,561    1,885    Profit after Tax  Rs. Crore  281  472  1,863  1,430        #Including charge of Rs. 129 Cr in Q4\u201920 &#038; Full Year 2020  \u201cThe year 2021 was a challenging one on many counts. The global economy witnessed major supply chain disruptions resulting in high inflation especially led by fuel costs. Cement demand was also muted during the quarter driven by multiple regional factors across India. Despite these challenges, ACC was able to deliver another year of strong performance. We delivered a sales growth of 17% during the year with an EBIT growth of 40%. Efficiency measures under Project \u2018Parvat\u2019 coupled with product premiumization initiatives have enabled to mitigate inflationary impacts and expand margins. With the launch of our Green products such as \u2018ECOPact\u2019 and the signing of Net Zero Pledge validated by SBTi$, we have further accelerated our Sustainability journey during the year. I am confident, with our upcoming capacity and efficiency projects, we will continue to deliver strong value for all our stakeholders,&#8221; said Sridhar Balakrishnan, Managing Director and CEO.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1422424634\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> $SBTi: Science Based Target initiative Covid 19 Update   Health and Safety continues to remain company\u2019s key priority. Strict adherence to government guidelines and Covid appropriate behavior is ensured across the locations. Adequate infrastructure and medical support are made available to cater to any requirement that may arise. ACC teams continuously monitor the situation and take proactive steps to build a safe working environment. 99.9% of our employees and contract workers have already been fully vaccinated.<\/p>\n<p> Performance   \u25cf Net Sales during the quarter increased to Rs. 4,137 Cr compared to Rs. 4,066 Cr last year \u25cf EBITDA during the quarter at Rs. 556 Cr showed a decline of 2.8% vs previous year \u25cf For the year, net sales increased to Rs. 15,814 Cr showing a growth of 17% \u25cf Full year EBITDA improved by 27% at Rs. 2,998 Cr \u25cf Free Cash Flow improved by 14% during the year, supported by strong working capital management with year end cash balance in excess of Rs. 7,000 Cr  Dividend   The Board of Directors has recommended payment of dividend at Rs. 58\/- per share of Rs. 10\/- aggregating to Rs. 1,089 Cr  Outlook   \u201cOur economy has witnessed a steady recovery during the last few quarters. The adverse impact on the economy of recurring Covid waves is gradually waning, driven by rising vaccinations and adaptation to the new normal. The Union Budget 2022 is likely to provide further impetus to India\u2019s growth driven by the Government&#8217;s commitment to investment in infrastructure across the board,&#8221; said Sridhar Balakrishnan, Managing Director &#038; CEO.<\/p>\n<p> About ACC  ACC Limited, a member of the Holcim Group, is one of India\u2019s leading producers of cement and ready mix concrete. It has over 6,000 employees, 17 cement manufacturing sites, 78 concrete plants and a nationwide network of over 50,000 channel partners to serve its customers. With a world-class R&#038;D centre in Mumbai, the quality of ACC\u2019s products and services, as well as its commitment to technological development, make it a preferred brand in building materials. Established in 1936, ACC is counted among the country\u2019s &#8216;Most Sustainable Companies&#8217; and is recognised for its best practices in environment management and corporate citizenship. With sustainability at the core of its strategy, ACC is the first Indian Cement Company to sign the Net Zero Pledge with Science Based Targets.<\/p><div class=\"trade-content_5\" id=\"trade-3258724997\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>  Disclaimer  This press release may contain \u201cforward-looking statements\u201d \u2013 that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and may contain words such as \u201cexpects,\u201d \u201canticipates,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cshould\u201d or \u201cwill.\u201d For us, uncertainties may arise from fluctuations in material costs, availability of limestone, demand of cement and other factors affecting the demand including those of a political, economic, business, competitive or regulatory nature. Actual future results may differ substantially or materially than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.<\/p>\n<p>  PWR PWR<\/p>\n<div class=\"trade-after-content\" id=\"trade-1933741274\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Mumbai, Maharashtra, India \u2013 Business Wire India Full Year 2021 \u25cf 40% increase in EBIT with margin expansion of 250 basis points \u25cf Profit after Tax improved by 30% compared to the previous year \u25cf Strong scaleup of Green Concrete \u2018ECOPact\u2019 in the first year of launch October \u2013 December Quarter 2021 \u25cf EBIT at [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,1697,31],"tags":[],"class_list":["post-22640","post","type-post","status-publish","format-standard","hentry","category-company-results","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A Year of Strong Performance by ACC; 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