News

Buy ACC Ltd For Target Rs. 2,909 by Yes Securities Ltd Result Synopsis In 2QFY25, ACC’s revenue grew by 3.9% YoY but declined by 10.6% QoQ to Rs40bn, is 15% ahead of our estimate due to higher-than-expected volume and realization. Volumes were up by 14.8% YoY but declined by 8.8% QoQ. The QoQ decline in volume mainly due to heavy seasonal impact and intensifying competition in the industry. While realization was dropped 9.5% YoY and 2% QoQ due to persistent of weak pricing across the geography due to seasonal impact and sluggish demand. ...
Buy ACC Ltd For Target Rs. 2,909 by Yes Securities Ltd
Buy ACC Ltd For Target Rs. 2,909 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-15 12:39:44 pm
ACC trades lower on reporting 49% fall in Q2 consolidated net profit ACC is currently trading at Rs. 2223.25, down by 42.35 points or 1.87% from its previous closing of Rs. 2265.60 on the BSE. The scrip opened at Rs. 2230.05 and has touched a high and low of Rs. 2260.60 and Rs. 2190.00 respectively. So far 7684 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2843.00 on 02-Jul-2024 and a 52 week low of Rs. 1803.80 on 22-Nov-2023. Last one week high and low of the scrip stood at R...
ACC trades lower on reporting 49% fall in Q2 consolidated net profit
ACC trades lower on reporting 49% fall in Q2 consolidated net profit
Source: Accord Fintech
2024-10-25 01:58:42 pm
Adani Group`s ACC Ltd clocks highest quarterly revenue at Rs 4,614 crore in Q2 Cement and building materials leader ACC Ltd, part of the diversified Adani Group, on Thursday reported the highest quarterly revenue at Rs 4,614 crore, up 4 per cent (year-on-year).  The company clocked volume growth of 15 per cent (year-on-year), at 9.3 million tonnes – the highest volume in Q2 series in the last 5 years. Operating EBITDA was at Rs 436 crore while net worth increased to Rs 16,725 crore, according to ACC Ltd, a subsidiary of Ambuja Cements. "Our perf...
Adani Group`s ACC Ltd clocks highest quarterly revenue at Rs 4,614 crore in Q2
Adani Group`s ACC Ltd clocks highest quarterly revenue at Rs 4,614 crore in Q2
Source: IANS
2024-10-25 10:33:03 am
India`s ACC posts smaller-than-expected Q2 profit drop on steady volumes Indian cement maker ACC reported a smaller-than-expected decline in second-quarter profit on Thursday, as steady volume growth helped mitigate a decline in cement prices and rising costs. The company's profit after tax dropped 39% to 2.34 billion rupees (about $28 million) in the three months ended Sept. 30, but was above analysts' average estimate of 2.18 billion rupees, per data compiled by LSEG. Revenue from operations grew 4% to 46.08 billion rupees, while its expenses rose ...
India`s ACC posts smaller-than-expected Q2 profit drop on steady volumes
India`s ACC posts smaller-than-expected Q2 profit drop on steady volumes
Source: Reuters
2024-10-24 03:43:41 pm
Signature Global Awards Rs 320 Crore Contract to ACC India for the Construction of its Luxury Residential Project, ``Twin Towers DXP`` Gurugram based real estate developer, Signature Global, who has a focus on realty projects in Northern India has appointed ACC India Pvt Ltd for Civil, Structure and Part MEP work for all the Towers, Basements and Other Ancillary Buildings for its residential group housing project in Sector 84, Gurugram, Haryana which is located along the rapidly developing Dwarka Expressway. The LOI dated September 12, 2024 determines the total contract value to be Rs 320 crs. It additional determines tha...
Signature Global Awards Rs 320 Crore Contract to ACC India for the Construction of its Luxury Residential Project, ``Twin Towers DXP``
Signature Global Awards Rs 320 Crore Contract to ACC India for the Construction of its Luxury Residential Project, ``Twin Towers DXP``
Source: PR Agency
2024-09-22 05:25:45 pm
Buy ACC Ltd For Target Rs. 2590 By Yes Securities Result Synopsis ACC Ltd (ACC) numbers slightly deviated from street estimates. Revenue stood at Rs51.55bn (flattish YoY/ -4.7% QoQ) primarily due to weak realizations and muted volumes. EBITDA in absolute terms declined by 11.9% YoY (-18.8% QoQ), and the EBITDA margin slid to 13.2% in 1QFY25 from 14.8% in 1QFY24 and 15.5% in 4QFY24. Adj. PAT stood at Rs 3.62 billion, a decline of 22.5% YoY (-49.5% QoQ), mainly due to lower EBITDA coupled with a decrease in other income. EBITDA/tn stood at ...
Buy ACC Ltd For Target Rs. 2590 By Yes Securities
Buy ACC Ltd For Target Rs. 2590 By Yes Securities
Source: Yes Securities Ltd
2024-08-21 02:30:11 pm
Buy ACC Ltd For Target Rs. 2,900 By Emkay Global Financial Services ACC’s Q1FY25 EBITDA declined 12% YoY/19% QoQ to Rs6.8bn, in line with our estimates, as the higher than expected volumes were offset by the lower than expected realization. EBITDA/t declined 19% YoY/17% QoQ to Rs664 (Emkay est: Rs715). Volume growth surprised positively, with 9% YoY growth to 10.2mt, largely led by increased MSA transaction with Ambuja/Sanghi Cement. Cement realization declined 8% YoY/3% QoQ to Rs4,722. Total cost/t declined 7% YoY/stood broadly flat QoQ at Rs4,379. Fac...
Buy ACC Ltd For Target Rs. 2,900 By Emkay Global Financial Services
Buy ACC Ltd For Target Rs. 2,900 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-08-20 04:01:57 pm
Buy ACC Ltd For Target Rs.2,795 By Choice Broking Ltd ACC Ltd. Q1FY25 volumes came at INR10.2mnt, down 2.3% QoQ but up 8.5% YoY, driven by high acceptance of premium products. However, cement demand is impacted due to election and floods. Revenue for quarter came at INR51,556mn, down 4.5% QoQ and 0.9% YoY. EBITDA/t for the quarter came at INR664/t, down 17.2% QoQ and 18.9% YoY. The decline in EBITDA/t was mainly led by lower realizations. PAT for quarter stood at INR3,661mn, down 51.1% QoQ and 21.1% YoY. EPS for Q1FY25 was INR19.5. * Expansio...
Buy ACC Ltd For Target Rs.2,795 By Choice Broking Ltd
Buy ACC Ltd For Target Rs.2,795 By Choice Broking Ltd
Source: Choice Broking
2024-08-12 11:14:28 am
Accumulate ACC Ltd For Target Rs.2,674 By Geojit Financial Services Ltd Muted earnings, positive outlook The Adani group’s ACC Ltd (ACC) is a leading Indian cement company with 18 cement plants, 9 captive power plants and 82+ ready-mix concrete (RMC) plants. * In Q1FY25, ACC’s consolidated revenue fell 0.9% YoY to Rs. 5,155cr on low output prices. While volume grew 8.5% YoY to 10.2 MT owing to higher sales from premium products and value-added services. * EBITDA declined 11.9% YoY to Rs. 679cr because of lower revenues. * ACC delivered mut...
Accumulate ACC Ltd For Target Rs.2,674 By Geojit Financial Services Ltd
Accumulate ACC Ltd For Target Rs.2,674 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-08-10 10:00:02 am
India Cements posts wider Q1 loss as subdued demand adds to pricing woes India Cements, in which market leader UltraTech Cement is taking majority control, posted a bigger first-quarter adjusted loss on Friday, hurt by subdued demand. The South India-focused company's loss before exceptional items and tax increased to 1.62 billion rupees ($19.3 million) in the quarter, from 989.1 million rupees a year ago. The company said the latest quarter included an exceptional income of 2.41 billion rupees from the sale of a grinding unit. Excluding that, India C...
India Cements posts wider Q1 loss as subdued demand adds to pricing woes
India Cements posts wider Q1 loss as subdued demand adds to pricing woes
Source: Reuters
2024-08-09 01:44:13 pm
Buy ACC Ltd For Target Rs. 3,300 By Motilal Oswal Financial Services EBITDA misses estimate due to weak realization Sales volume rises 9% YoY (+3% vs. estimate) *  ACC’s 1QFY25 performance was below our estimate primarily due to lowerthan-estimated realization (2% below). EBITDA at INR6.8b was 7% below our estimate; while EBITDA/t stood at INR664 vs. our estimate of INR736. OPM contracted 165bp YoY to ~13% (est. ~14%). PAT stood at INR3.7b vs. our estimate of INR4.2b, due to lower operating performance and other income. *  Management ...
Buy ACC Ltd For Target Rs. 3,300 By Motilal Oswal Financial Services
Buy ACC Ltd For Target Rs. 3,300 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-08-07 10:05:22 am
Reduce ACC Ltd For Target Rs.2,700 By Centrum Broking Ltd ACC reported weak set of results for 1QFY25 as lower realizations and higher costs offset the impact of higher volumes. EBITDA at Rs6.8bn is down 12% YoY and 6% below our estimate. The company reported volumes of 10.2mn mt for the quarter, up 9% YoY driven by higher MSA volumes through Sanghi. EBITDA/mt saw sharp correction to Rs664/mt against our expectation of Rs739. The capex plan of the group is more skewed towards Ambuja and hence we believe that volume growth will be restricted in near ...
Reduce ACC Ltd For Target Rs.2,700 By Centrum Broking Ltd
Reduce ACC Ltd For Target Rs.2,700 By Centrum Broking Ltd
Source: Centrum Broking Ltd
2024-08-02 05:35:22 pm
Cement leader ACC Ltd logs another steady, sustainable quarterly performance Cement and building materials leader ACC Ltd on Monday reported another steady and sustainable performance with operating EBITDA at Rs 679 crore and profit after tax (PAT) at Rs 361 crore in the first quarter of FY25.   The revenue stood at Rs 5,155 crore in the April-June quarter. The Adani Portfolio company attributed the sustainable performance to volume growth, cost reduction, and improvement in efficiency parameters. ACC Ltd, a subsidiary of Ambuja Cements, recorded the hig...
Cement leader ACC Ltd logs another steady, sustainable quarterly performance
Cement leader ACC Ltd logs another steady, sustainable quarterly performance
Source: IANS
2024-07-30 10:07:09 am
ACC achieves another steady quarterly performance ACC Limited, the cement and building materials company of the diversified Adani Portfolio, today announced results for Q1 FY’25. This steady and sustainable performance is attributed to volume growth, cost reduction and improvement in efficiency parameters. Mr. Ajay Kapur, CEO – Cement Business, Adani Group, said, “ACC’s performance strengthens our drive to consistently stay a frontrunner in the industry. Our performance this quarter exemplifies our e...
ACC achieves another steady quarterly performance
ACC achieves another steady quarterly performance
Source: PR Agency
2024-07-30 08:49:42 am
India's ACC misses Q1 profit view on weak demand, price cuts Indian cement maker ACC on Monday posted first-quarter profit that missed analysts' estimates, hurt by a weak demand and price cuts. The Adani Group-owned company said its profit after tax stood at 3.66 billion rupees ($43.7 million) for the quarter ended June 30, while analysts were expecting a profit of 4.17 billion rupees as per LSEG data. For further earnings highlights, click: (full story) KEY CONTEXT General elections in India, as well as extreme heat conditions during t...
India's ACC misses Q1 profit view on weak demand, price cuts
India's ACC misses Q1 profit view on weak demand, price cuts
Source: Reuters
2024-07-29 05:45:33 pm
Ambuja Cements, ACC redefining construction landscape with next-gen digital initiatives  Ambuja Cements and ACC Limited, the cement and building material companies of the Adani Portfolio, on Friday said they are excited to unveil their commitment towards innovation that will redefine the construction landscape through a series of visionary digital initiatives.  The cement and building material companies are at the forefront of facilitating swift decision-making and improved customer service by leveraging Artificial Intelligence (AI), Internet of Things (IoT), video ...
Ambuja Cements, ACC redefining construction landscape with next-gen digital initiatives
Ambuja Cements, ACC redefining construction landscape with next-gen digital initiatives
Source: IANS
2024-06-21 02:11:28 pm
Ambuja Cements & ACC showcase environmental stewardship by achieving Leadership Score in CDP Climate Assessment Ambuja Cements Limited and ACC Limited, the cement and building material companies of the diversified Adani Portfolio, are proud to be recognised for their climate change mitigation commitments by being honoured with a ‘Leadership Score’ of ‘A-’ during the CDP Climate Assessment 2023 in the Climate Change category.   Ambuja Cements and ACC received the honours at a joint ceremony held by CDP and FICCI in New Delhi, recently. For both the Companies to secure ...
Ambuja Cements & ACC showcase environmental stewardship by achieving Leadership Score in CDP Climate Assessment
Ambuja Cements & ACC showcase environmental stewardship by achieving Leadership Score in CDP Climate Assessment
Source: PR Agency
2024-06-10 03:08:11 pm
Buy ACC Ltd. For Target Rs.: 2,900 - Emkay Global ACC’s Q3FY24 EBITDA was a robust beat on our/consensus estimates by 27- 30% mainly owing to lower-than-expected costs. EBITDA more than doubled YoY to Rs9.1bn (up 65% QoQ) with EBITDA/ton crossing the Rs1,000 mark post nine quarters (Emkay est: Rs825). Total cost/ton declined 17% YoY (6% QoQ) to Rs4,505 (vs. our est. of flat cost QoQ) owing to cost savings across line items. Blended realization improved 1% QoQ to Rs5,522/ton. Volume growth surprised positively with 15% YoY growth to 8.9...
Buy ACC Ltd. For Target Rs.: 2,900 - Emkay Global
Buy ACC Ltd. For Target Rs.: 2,900 - Emkay Global
Source: Emkay Global
2024-04-27 11:25:55 am
Indian cement firm ACC tops Q4 profit view on strong sales volumes  Indian cement producer ACC topped fourth-quarter profit estimates on Thursday, as lower prices helped boost sales volumes. The Adani Group-owned company's profit after tax rose over three-fold to 7.49 billion rupees ($89.9 million) in the January-March period, surpassing analysts' average estimate of 4.86 billion rupees, according to LSEG data. Revenue from operations rose nearly 13% to 53.98 billion rupees, helped by a 22.4% rise in consolidated sales volumes. Analysts we...
Indian cement firm ACC tops Q4 profit view on strong sales volumes
Indian cement firm ACC tops Q4 profit view on strong sales volumes
Source: Reuters
2024-04-25 04:25:31 pm
Adani Family further infuses Rs 8,339 crore in Ambuja Cements, increases stake to 70.3 per cent The Adani Family on Wednesday said it has fully subscribed to the warrants programme in Ambuja Cements by further infusing Rs 8,339 crore, increasing its stake in the building material company to 70.3 per cent. This follows the investment of Rs 5,000 crore on October 18, 2022, and Rs 6,661 crore on March 28 this year by the promoter of the company, thereby infusing a total amount of Rs 20,000 crore in Ambuja Cements post-acquisition. The funds' infusion will be instrumental to accom...
Adani Family further infuses Rs 8,339 crore in Ambuja Cements, increases stake to 70.3 per cent
Adani Family further infuses Rs 8,339 crore in Ambuja Cements, increases stake to 70.3 per cent
Source: IANS
2024-04-18 09:36:47 am
India`s Ultratech Cement to set aside $3.9 billion for capex over three years India's Ultratech Cement said on Tuesday it would set aside 324 billion rupees ($3.89 billion) for ongoing capital expenditure over the next three years. The move follows increased deal-making in India's cement industry since nearest rival Adani Group bought ACC and Ambuja Cements , as well as strong demand from the housing and infrastructure sectors on government spending. Ultratech also revealed on Tuesday the commissioning of two new cement units, bringing its total capacity ...
India`s Ultratech Cement to set aside $3.9 billion for capex over three years
India`s Ultratech Cement to set aside $3.9 billion for capex over three years
Source: Reuters
2024-04-03 09:13:45 am
Billionaire Gautam Adani`s family raises Ambuja Cement stake with $799 million infusion Indian billionaire Gautam Adani's family infused 66.61 billion rupees (about $799 million) in Ambuja Cements, raising its stake to about 67% from 63.15%, to help ramp up the cement maker's manufacturing capacity. The family has raised its stake by converting warrants into shares, Ambuja said in an exchange filing on Thursday. The Adani family expects the cement maker to increase its manufacturing capacity to 140 million tonnes per annum (MTPA) by 2028, from 76.1 MTPA as of Dec. ...
Billionaire Gautam Adani`s family raises Ambuja Cement stake with $799 million infusion
Billionaire Gautam Adani`s family raises Ambuja Cement stake with $799 million infusion
Source: Reuters
2024-03-28 02:07:00 pm
Accumulate ACC Limited For Target Rs. 2,813 - Elara Capital   Lower fixed costs lead to margin surprise In-line revenue, EBITDA above expectations    ACC’s (ACC IN) EBITDA surged ~139% YoY and ~65% QoQ to ~INR 9bn, above our and Consensus estimates of ~INR 7.2bn each, primarily led by lower-than-expected operating cost. Net sales grew ~8% YoY and ~11% QoQ to ~INR 49bn, whereas adjusted PAT jumped ~211% YoY and ~37% QoQ to ~INR 5.3bn...
Accumulate ACC Limited For Target Rs. 2,813 - Elara Capital
Accumulate ACC Limited For Target Rs. 2,813 - Elara Capital
Source: Elara Capital
2024-02-18 11:12:21 am
Stock of the day : ACC Limited For Target Rs. 50 - Religare Broking ACC Limited Buy 1560 PE ACC Limited CMP 58.00; Range 57-59; SL 20; Target 50   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330
Stock of the day : ACC Limited For Target Rs. 50 - Religare Broking
Stock of the day : ACC Limited For Target Rs. 50 - Religare Broking
Source: Religare Broking Ltd
2024-02-12 11:08:24 am
India`s JK Lakshmi Cement reports 69% jump in Q3 profit India's JK Lakshmi Cement reported a 69% rise in third-quarter profit on Thursday on healthy demand and higher prices. The company, the construction materials arm of JK Group, said net profit after tax rose to 1.24 billion rupees (around $15 mln) for the quarter ended Dec. 31, from 735.9 million rupees a year earlier. Revenue from operations rose 6.6% to 15.86 billion rupees. Power and fuel costs, JK Lakshmi's biggest expense, fell around 25%. For more details, KEY CONTEXT...
India`s JK Lakshmi Cement reports 69% jump in Q3 profit
India`s JK Lakshmi Cement reports 69% jump in Q3 profit
Source: Reuters
2024-02-09 11:18:09 am
India Cements reports third-quarter loss on subdued demand India Cements reported a loss for the third quarter on Thursday, hit by subdued demand due to a slow down in construction activity ahead of elections and cyclone in some states. The southern India-focused cement maker reported a loss of 165.1 million rupees ($2 million) in the quarter ended Dec. 31, compared with a profit of 907.3 million rupees a year ago. For further results highlights, click here: [Full story] KEY CONTEXT One of the market leaders in southern India, India Cemen...
India Cements reports third-quarter loss on subdued demand
India Cements reports third-quarter loss on subdued demand
Source: Reuters
2024-02-01 01:39:18 pm
Indian cement maker ACC beats Q3 profit estimates on price hikes, strong demand Indian cement maker ACC reported a higher-than-expected third-quarter profit on Thursday, helped by price hikes and strong demand for construction materials. The Adani Group-owned company's profit after tax surged nearly five-fold to 5.27 billion rupees ($63.4 million) in the three months ended Dec. 31, surpassing average analysts' estimates of 4.15 billion rupees, per LSEG IBES data. Cement prices in India, on average, rose 2.5% sequentially, brokerage Systematix said in a note...
Indian cement maker ACC beats Q3 profit estimates on price hikes, strong demand
Indian cement maker ACC beats Q3 profit estimates on price hikes, strong demand
Source: Reuters
2024-01-25 04:11:25 pm
ACC strengthens market leadership with acquisition of Asian Concretes and Cements at enterprise value of Rs 775 cr ACC Limited, subsidiary of Ambuja Cements Limited and a leading entity in the cement and building materials sector, currently holds 45 per cent stake in Asian Concretes and Cements Private Limited (ACCPL). On Monday it announced the successful acquisition of the remaining 55 per cent stake in ACCPL from its existing promoter at an Enterprise Value of Rs 775 crore resulting in entire ownership of ACCPL. The EV includes Cash & Cash Equivalent of Rs 35 crore. ACCPL has 1.3 MTPA cement ...
ACC strengthens market leadership with acquisition of Asian Concretes and Cements at enterprise value of Rs 775 cr
ACC strengthens market leadership with acquisition of Asian Concretes and Cements at enterprise value of Rs 775 cr
Source: IANS
2024-01-08 01:56:49 pm
Buy ACC Ltd For Target Rs.2,467- Yes Securities Cost Efficiency & Synergies to propel growth Result Synopsis ACC Ltd (ACC) delivered results in line with our expectations, 11% y/y revenue growth was primarily driven by an 18% y/y volume increase but was partially offset by 6% y/y NSR correction in Q2FY24. The Total cost/te declined by 17% y/y resulted in an EBITDA of Rs678/te in Q2FY24, a significant improvement from Rs24/te in Q2FY23. Power cost eased to Rs1095/te (down by 43% y/y) because of lower kiln fuel costs and from highe...
Buy ACC Ltd For Target Rs.2,467- Yes Securities
Buy ACC Ltd For Target Rs.2,467- Yes Securities
Source: Yes Securities Ltd
2023-11-29 12:13:50 pm
Buy ACC Ltd For Target Rs. 2,467- Yes Securities Cost Efficiency & Synergies to propel growth Result Synopsi ACC Ltd (ACC) delivered results in line with our expectations, 11% y/y revenue growth was primarily driven by an 18% y/y volume increase but was partially offset by 6% y/y NSR correction in Q2FY24. The Total cost/te declined by 17% y/y resulted in an EBITDA of Rs678/te in Q2FY24, a significant improvement from Rs24/te in Q2FY23. Power cost eased to Rs1095/te (down by 43% y/y) because of lower kiln fuel costs and from higher...
Buy ACC Ltd For Target Rs. 2,467- Yes Securities
Buy ACC Ltd For Target Rs. 2,467- Yes Securities
Source: Yes Securities Ltd
2023-11-18 11:15:54 am
Neutral ACC Ltd For Target Rs. 2,150 - Motilal Oswal Financial Services Lower realization and higher variable cost led EBITDA miss Commissioned clinker unit at Ametha, Madhya Pradesh in Oct’23 * ACC reported EBITDA of INR5.5b vs. our estimate of INR6.8b (19% below our estimate) in 2QFY24, due to lower blended realization (~3% miss) and higher variable cost/t (7% above our estimate). EBITDA/t came in at INR677 (vs. estimate INR820). However, adjusted PAT stood at INR3.8b (in line with our estimate), led by a sharp increase in ‘other income’...
Neutral ACC Ltd For Target Rs. 2,150 - Motilal Oswal Financial Services
Neutral ACC Ltd For Target Rs. 2,150 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-10-30 11:44:40 am
Large Cap Accumulate ACC Ltd For Target Rs. 2,325- Yes Securities Impressive performance, improved marginsACC Ltd. is a leading Indian cement company with 17+ cement plants and 82 ready-mix concrete (RMC) plants. It manufactures a range of cement and blended cement. * In Q1FY24, ACC?s revenue grew 16.4% YoY to Rs. 5,201cr, driven by the rise in sales volume. * EBITDA surged by 80.9% YoY to Rs. 771cr, with EBITDA margin expanding by 530bps to 14.8%, driven by cost reductions. Additionally, PAT surged by 105% YoY to Rs. 466 cr. * ACC posted strong per...
Large Cap Accumulate ACC Ltd For Target Rs. 2,325- Yes Securities
Large Cap Accumulate ACC Ltd For Target Rs. 2,325- Yes Securities
Source: Geojit Financial Services
2023-09-13 03:08:28pm