ACC: Saved by other income - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

StockSelect
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

ACC: Saved by other income

Jan 17, 2003

ACC, one of the largest cement manufacturers in the country reported a 19% YoY growth in net profits and a 3% degrowth in its topline in 3QFY03. Growth in bottomline has been mainly due to a 358% rise in other income. Not accounting for this, the company would have reported losses in the December quarter. The performance has been more disappointing than the earlier quarter, as in the last quarter the topline had shown an 8% YoY growth.

(Rs m) 3QFY02 3QFY03 Change 9mFY02 9mFY03 Change
Net Sales 7,028 6,823 -2.9% 20,616 21,087 2.3%
Other Income 84 384 357.7% 529 636 20.3%
Expenditure 6,019 6,149 2.2% 17,274 18,937 9.6%
Operating Profit (EBDIT) 1,009   674 -33.2% 3,342 2,150 -35.7%
Operating Profit Margin (%) 14.4% 9.9%   16.2% 10.2%  
Interest 400 274 -31.5% 1,122 841 -25.1%
Depreciation 400 413 3.2% 1,104 1,226 11.0%
Profit before Tax 293 372 26.7% 1,644 719 -56.3%
Extraordinary items - (140) (547) (140)
Tax 124 30 -75.8% 318 128 -59.9%
Profit after Tax/(Loss) 169 202 19.4% 779 452 -42.0%
Net profit margin (%) 2.4% 3.0%   3.8% 2.1%  
No. of Shares 171.0 171.0   171.0 171.0  
Diluted Earnings per share* 4.0 4.7   6.1 3.5  
P/E Ratio   33.0       44.4  
(* annualised)            

To Read the Full Story, Subscribe or Sign In
To Read the Full Story, Subscribe or Sign In


Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

ACC SHARE PRICE


Sep 18, 2020 (Close)

TRACK ACC

COMPARE ACC WITH

MARKET STATS