LafargeHolcim Unit ACC Cements' Results
Cement major ACC Cement, which is a unit of the world's largest cement maker, LafargeHolcim, reported 15.20 % increase in consolidated net profit at Rs. 209.14 crore for the third quarter ended September 30, led by volume growth spurred by higher demand. The cement company, which follows January-December financial year, had posted a net profit of Rs 181.53 crore last year.
Major highlights are:
1. Total income from operations was up 10.35 % to Rs. 3,465.92 crore as against Rs. 3,140.76 crore in the September quarter of 2017.
2. Total expenses were at Rs 3,160.38 crore current as against Rs 2,877.00 crore previous.
3. Cement sales were up 9.89 % to 6.55 million tonne (MT) current as against 5.96 MT previous.
4. Cement sales volume grew by 10 per cent during the quarter spurred by higher demand.
5. Revenue from Ready Mix Concrete was Rs.303.33 crore.
6. Ready Mix concrete sales volumes grew 12 % driven by an increase in the sale of value added products and the addition of 8 new plants across India.
Outlook:
ACC said it will continue to maintain its focus on operating efficiencies to improve performance. Demand drivers including growth in affordable and rural housing segments as well as infrastructure projects is expected to remain healthy. ACC were optimistic that cement demand growth would strengthen in the coming year.
Major highlights are:
1. Total income from operations was up 10.35 % to Rs. 3,465.92 crore as against Rs. 3,140.76 crore in the September quarter of 2017.
2. Total expenses were at Rs 3,160.38 crore current as against Rs 2,877.00 crore previous.
3. Cement sales were up 9.89 % to 6.55 million tonne (MT) current as against 5.96 MT previous.
4. Cement sales volume grew by 10 per cent during the quarter spurred by higher demand.
5. Revenue from Ready Mix Concrete was Rs.303.33 crore.
6. Ready Mix concrete sales volumes grew 12 % driven by an increase in the sale of value added products and the addition of 8 new plants across India.
Outlook:
ACC said it will continue to maintain its focus on operating efficiencies to improve performance. Demand drivers including growth in affordable and rural housing segments as well as infrastructure projects is expected to remain healthy. ACC were optimistic that cement demand growth would strengthen in the coming year.