Wednesday, October 20, 2021

ACC Net profit rises 24% | Impact on Stock Price

 


ACC results: Net profit rises 24% to Rs 450 crore in Jul-Sep, sales up 5%


ACC Ltd on Tuesday reported a 24 % year-on-year (YoY) rise in consolidated net profit for July-September quarter at Rs 450 crore despite a steep rise in energy costs.
 
The cement maker's net sales rose 5 per cent YoY to Rs 3,653 crore. The company follows January-December financial year.
 
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 6 per cent YoY to Rs 712 crore, while EBITDA margin expanded by 10 basis points to 19.5 per cent.
 


Impact on Stock Price


Currently stock will remain in the range of 2164 - 2356 . Fresh upside rally will be seen when stock decisively close above the level of 2359 . Till the stock will remain sideways zone. 



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