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Published on 21/07/2020 11:24:53 AM | Source: Angel Broking Ltd

Quote on ACC Result by Keshav Lahoti, Angel Broking

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Below is the Quote on 2QCY20 results of ACC by Mr.Keshav Lahoti, Associate Equity Analyst, Angel Broking Ltd

“ACC reported a 37% YoY decline in standalone revenue to Rs.2601 crore for Q2CY20. Company reported EBIDTA and PAT of Rs.525 crore and Rs.268 crore for the quarter, down by 34% and 41% YoY respectively. Revenue for the quarter was adversely impacted given that there was no production and sales for the cement industry during the first 20 days of April due to the lockdown. However, margins improved from 19.1% to 20.2% YoY due decline in power and fuel cost along with other expenses. Revenue for the quarter was below street estimates though EBIDTA and PAT were above street estimates. Going forward demand revival will be key for the Company.”

 

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