ACC Announces Quarterly Results (1QFY20); Net Profit Up 38.6%

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ACC Announces Quarterly Results (1QFY20); Net Profit Up 38.6%
Fri, 19 Jul

ACC has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ACC Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m38,48339,19141,4985.9%7.8%
Other incomeRs m3261,566535-65.8%64.3%
TurnoverRs m38,80840,75742,0333.1%8.3%
ExpensesRs m32,23433,87433,668-0.6%4.5%
Gross profitRs m6,2495,3177,83047.3%25.3%
DepreciationRs m1,4901,4761,469-0.5%-1.4%
InterestRs m273209199-4.7%-27.0%
Profit before taxRs m4,8125,1996,69828.8%39.2%
TaxRs m1,5441,7712,17022.5%40.5%
Profit after taxRs m3,2683,4284,52832.1%38.6%
Gross profit margin%16.213.618.9
Effective tax rate%32.134.132.4
Net profit margin%8.48.410.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 7.8% on a year-on-year (YoY) basis. The expenses were up by 4.5% YoY during the same period.
  • The company's operating profit increased by 25.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.9% in 1QFY20 as against 16.2% in 1QFY19.
  • Depreciation charges declined by 1.4% and finance costs declined by 27.0% YoY, respectively.
  • Other income increased by 64.3% YoY during the quarter.
  • Net profit for the quarter increased by 38.6% YoY. Net profit margins during the quarter increased from 8.4% in 1QFY19 to 10.8% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.6% QoQ during the same period.
  • The company's operating profit increased by 47.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.9% in 1QFY20 as against 13.6% in 4QFY19.
  • Net profit for the quarter increased by 32.1% QoQ, while net profit margins increased from 8.4% in 4QFY19 to 10.8% in 1QFY20.

To see how ACC has performed over the last eight quarters,please visit here.

ACC Share Price Performance

Over the last one year,ACC share price has moved up from Rs 1,274.5 to Rs 1,619.1, registering a Gain of Rs 344.7 or around 27.0%.

Overall, the S&P BSE SENSEX is up 6.9% over the year.

Current Valuations

At the current price of Rs 1,619.1, the price to earnings (P/E) ratio of ACC stands at 17.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.9 times.

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