ACC's Q1 net down 37%, sales also slide on weak demand

Written By Unknown on Kamis, 25 Juli 2013 | 16.03

Jul 25, 2013, 02.04 PM IST

Due to pricing pressure in Q1, EBITDA margins of ACC also shrunk a little over 600 bps to 15.5 percent despite marginal growth in volumes Y-o-Y to 6.12 million tonne

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ACC's Q1 net down 37%, sales also slide on weak demand

Due to pricing pressure in Q1, EBITDA margins of ACC also shrunk a little over 600 bps to 15.5 percent despite marginal growth in volumes Y-o-Y to 6.12 million tonne

Like this story, share it with millions of investors on M3

ACC's Q1 net down 37%, sales also slide on weak demand

Due to pricing pressure in Q1, EBITDA margins of ACC also shrunk a little over 600 bps to 15.5 percent despite marginal growth in volumes Y-o-Y to 6.12 million tonne

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Moneycontrol Bureau

ACC Ltd's June quarter profit decline 37 percent year-on-year to Rs 261.7 crore on higher input cost. Sales also declined around 4 percent to Rs 2795 as demand remained weak in most markets. The firm's other income also more than halved to Rs 35.4 crore, which otherwise could have boosted numbers.

Due to pricing pressure, EBITDA margins also shrunk a little over 600 bps to 15.5 percent despite marginal growth in volumes Y-o-Y to 6.12 million tonne.

The firm's Q1 numbers are almost in line with CNBC-TV18 poll which had expected a 40 percent Y-o-Y decline in profit and 4 percent drop in sales too.

Shares of the company are trading down over 4 percent to Rs 1,177

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