ACC Ltd (check out the full result details, released on 19 April 2022 here) has reported, rapid expansion by ACC with continued focus on cost reduction and sustainability. The details are as published :
January – March Quarter 2022
● Ametha project progressing ahead of schedule to add 5 MTPA capacity, commissioning of integrated unit expected in Q4 2022
● Tikaria grinding unit with 1.6 MTPA capacity commissioned in Feb 2022, project executed in 9 months
● Waste heat recovery projects at Jamul and Kymore plants on track; Board further approves next phase of projects at Chanda and Wadi plants. Total capacity will reach 75 MW
● Green Concrete “ECOPact” continues to deliver strong performance
● EBITDA at ₹ 635 Crore declined 26% vs previous year due to significant fuel cost increase despite project ‘Parvat’ delivering strong internal efficiencies
The January to March 2022 quarter was impacted due to the global rise in fuel costs driven by the overall geopolitical situation. Our efficiency and cost reduction actions under project ‘Parvat’ remained very strong and helped us partially offset the impact. The new investments in waste heat recovery systems will help us mitigate the energy cost inflation while also strengthening our sustainability actions.
ACC has been a pioneering brand with a history of ‘Category first’ innovations that have gone on to set new benchmarks. Our Green Concrete “ECOPact” is now 17% of the total Readymix sales. We have further expanded our ECO friendly product portfolio by launching a new climate control concrete insulation system ‘AIRIUM’ during the quarter.
The India story remains intact. Our ongoing initiatives on growth, sustainability and productivity improvements will continue as we progress on the consequent execution of our strategy.”- said Sridhar Balakrishnan, Managing Director and CEO.
● Net Sales during the quarter increased by 3% to ₹ 4,322 Crore compared to ₹ 4,213 Crore last year
● Profit after tax at ₹396 Crore, 30% lower vs previous year
● the efficiency project ‘Parvat’ helped deliver 1% lower per ton Freight & Forwarding cost despite fuel inflation
● Strict cost control measures enabled reduction in fixed cost vs previous year. Sales Volume is 3.26% down in Q4FY22 to 7.71 Million Tonnes, compared to 7.97 Million Tonnes in Q4FY21.