ACC: In the red - Views on News from Equitymaster

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

  • MyStocks

MEMBER'S LOGINX

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

ACC: In the red

Aug 1, 2000

Associated Cement Companies Limited (ACC) has posted a loss of Rs 95 m in the first quarter ended 30th June 2000. The company has suffered on account of a 5% drop in cement realisations. This has contributed to the decline in OPM.

(Rs m) 1QFY00 1QFY01 Change
Sales 7,011 7,654 9.2%
Other Income 71 93 31.9%
Expenditure 6,328 7,080 11.9%
Operating Profit (EBDIT) 683 573 -16.0%
Operating Profit Margin (%) 9.7% 7.5%  
Interest 401 414 3.2%
Depreciation 273 348 27.4%
Profit before Tax 79 -95  
Tax 9 -  
Profit after Tax/(Loss) 70 (95)  
Net profit margin (%) 1.0% -1.2%  

In volume terms, cement sales increased 13%, faster than the revenue growth of 9%, indicating a sluggishness in realisations. The company has however stated that the effect of this has been marginalized by a decline in costs.

We have projected a loss of Rs 78.3 m and a topline growth of 11% for ACC during FY01. Although the company’s losses have already exceeded our estimates, it is anticipated that in coming quarters the company would be able to minimize these losses. This is already evident from the hardening of cement prices in recent weeks.

The stock currently trades at Rs 108.

Equitymaster requests your view! Post a comment on "ACC: In the red". Click here!

  

More Views on News

What's Behind ACC's Highest-Ever Revenue in March Quarter? (Company Info)

Apr 20, 2021

Key takeaways from ACC's March quarter (Q1CY21) results.

ACC Announces Quarterly Results (2QFY21); Net Profit Up 21.3% (Quarterly Result Update)

Oct 22, 2020 | Updated on Oct 22, 2020

For the quarter ended September 2020, ACC has posted a net profit of Rs 4 bn (up 21.3% YoY). Sales on the other hand came in at Rs 35 bn (up 0.3% YoY). Read on for a complete analysis of ACC 's quarterly results.

ACC 2018-19 Annual Report Analysis (Annual Result Update)

Oct 20, 2020 | Updated on Oct 20, 2020

Here's an analysis of the annual report of ACC for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of ACC . Also includes updates on the valuation of ACC .

Ramco Cements Q4 Profit Up 51.1% on Higher Sales & Better Cost Control (Views On News)

May 25, 2021

Here's our view on Ramco Cements latest quarterly results.

A Close Look at the Stock of JK Lakshmi Cement (Views On News)

May 21, 2021

A key highlight of the company's Q4 results was its healthy operating performance.

More Views on News

Most Popular

Hotel Stocks Will Reward Investors (Fast Profits Daily)

Jun 8, 2021

This is why I'm bullish on the hotel and hospitality sector.

My 'Unlock' Investments (Fast Profits Daily)

Jun 11, 2021

The best unlock investments you can make in the market.

The Most Visible Sign of India's Revival is on Two Wheels (Profit Hunter)

Jun 9, 2021

Investing in the best stocks could result in wealth compounding on a massive scale.

How I Discovered a 400-Year-Old Open Secret to Extreme Wealth (Profit Hunter)

Jun 11, 2021

Charlie Munger's open secret about investing success.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

ACC SHARE PRICE


Jun 17, 2021 11:33 AM

TRACK ACC

COMPARE ACC WITH

MARKET STATS