The corporate, which follows the January-December monetary 12 months, had posted a revenue of Rs 270.95 crore within the April-June quarter a 12 months in the past, ACC stated in a BSE submitting.
The corporate, a subsidiary of Swiss constructing materials main Holcim group (earlier LafargeHolcim), reported income from operations of Rs 3,884.94 crore in the course of the quarter, up 49.29 per cent from Rs 2,602.24 crore within the year-ago interval.
ACC Managing Director and CEO Sridhar Balakrishnan stated, “ACC has recorded superb efficiency this quarter. With a robust concentrate on provide chain efficiencies and value optimization, the corporate has emerged stronger and extra resilient. Waste Warmth Restoration System tasks at numerous websites are progressing nicely.”
Complete bills climbed 40.97 per cent to Rs 3,175.47 crore, in comparison with Rs 2,252.62 crore earlier.
Income from cement rose 43.96 per cent to Rs 3,672.31 crore, as in opposition to Rs 2,550.99 crore within the corresponding quarter of the earlier 12 months.
Cement gross sales quantity jumped 43.7 per cent to six.84 million tonnes (MT) as in opposition to 4.76 MT in April-June 2020.
Income from ready-mix concrete elevated four-fold to Rs 255.08 crore, as in opposition to Rs 62.23 crore.
For H1 2021 (January to June), ACC Ltd’s consolidated internet revenue was up 90.59 per cent at Rs 1,132.04 crore as in opposition to Rs 593.97 crore within the year-ago interval.
Income from operations was up 33.96 per cent in January-June 2021 to Rs 8,176.91 crore, from Rs 6,103.95 crore.
On the outlook, Balakrishnan stated he strongly believes within the resilience of the Indian financial system because it continues to navigate the influence of COVID-19.
“Demand is anticipated to get well supported strongly by Authorities’s elevated spending on giant scale infrastructure tasks which augurs nicely for the cement sector. We consider we’re nicely poised to capitalize on the expansion momentum within the ensuing interval,” he stated.
Sharing updates on COVID-19, ACC stated it has inspired its workers, their households and communities to actively take part within the vaccination drive.
“Ample infrastructure and medical assist are made out there to make sure security of our workers. Our group repeatedly displays the scenario and takes proactive steps to make sure the well being and security of our workers and communities,” it stated.
Shares of ACC Ltd on Monday settled at Rs 2,150.65 on the BSE, up 1.01 per cent from the earlier shut.