ACC Announces Quarterly Results (3QFY20); Net Profit Down 63.2%

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 Announces Quarterly Results (3QFY20); Net Profit Down 63.2%
Mon, 10 Feb

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

ACC Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m38,95635,28340,60315.1%4.2%
Other incomeRs m30050857513.3%91.7%
TurnoverRs m39,25635,79141,17915.1%4.9%
ExpensesRs m34,07829,71235,19418.4%3.3%
Gross profitRs m4,8785,5715,410-2.9%10.9%
DepreciationRs m1,5521,5121,6086.4%3.6%
InterestRs m22416329380.0%30.9%
Profit before taxRs m3,4034,4044,084-7.3%20.0%
TaxRs m-3,8911,4091,400-0.6%
Profit after taxRs m7,2942,9952,684-10.4%-63.2%
Gross profit margin%12.515.813.3
Effective tax rate%-114.332.034.3
Net profit margin%18.68.46.5
* 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 4.2% on a year-on-year (YoY) basis. The expenses were up by 3.3% YoY during the same period.
  • The company's operating profit increased by 10.9% YoY during the quarter. Consequently, operating profit margins remained same and stood at 13.3% in 3QFY20.
  • Depreciation charges increased by 3.6% and finance costs increased by 30.9% YoY, respectively.
  • Other income increased by 91.7% YoY during the quarter.
  • Net profit for the quarter declined by 63.2% YoY. Net profit margins during the quarter declined from 18.6% in 3QFY19 to 6.5% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 15.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 18.4% QoQ during the same period.
  • The company's operating profit declined by 2.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.3% in 3QFY20 as against 15.8% in 2QFY19.
  • Net profit for the quarter declined by 10.4% QoQ, while net profit margins declined from 8.4% in 2QFY19 to 6.5% in 3QFY20.

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

FLASH SALE: Grab 1 Year of Hidden Treasure for FREE...

ACC Share Price Performance

Over the last one year,ACC share price has moved up from Rs 1,399.2 to Rs 1,459.8, registering a Gain of Rs 60.6 or around 4.3%.

Overall, the S&P BSE SENSEX is up 10.6% over the year.

Current Valuations

At the current price of Rs 1,459.8, the price to earnings (P/E) ratio of ACC stands at 20.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.

Equitymaster requests your view! Post a comment on "ACC Announces Quarterly Results (3QFY20); Net Profit Down 63.2%". Click here!

  

Related Views on News

ACC Announces Quarterly Results (4QFY20); Net Profit Down 6.4% (Quarterly Result Update)

Apr 24, 2020 | Updated on Apr 24, 2020

For the quarter ended March 2020, ACC has posted a net profit of Rs 3 bn (down 6.4% YoY). Sales on the other hand came in at Rs 35 bn (down 10.7% YoY). Read on for a complete analysis of ACC 's quarterly results.

ACC Announces Quarterly Results (2QFY20); Net Profit Up 44.9% (Quarterly Result Update)

Oct 17, 2019 | Updated on Oct 17, 2019

For the quarter ended September 2019, ACC has posted a net profit of Rs 3 bn (up 44.9% YoY). Sales on the other hand came in at Rs 35 bn (up 2.8% YoY). Read on for a complete analysis of ACC 's quarterly results.

ACC LTD 2017-18 Annual Report Analysis (Annual Result Update)

Mar 5, 2019 | Updated on Mar 5, 2019

Here's an analysis of the annual report of ACC LTD for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of ACC LTD. Also includes updates on the valuation of ACC LTD.

ACC LTD 2016-17 Annual Report Analysis (Annual Result Update)

Sep 17, 2018 | Updated on Sep 17, 2018

Here's an analysis of the annual report of ACC LTD for 2016-17. It includes a full income statement, balance sheet and cash flow analysis of ACC LTD. Also includes updates on the valuation of ACC LTD.

More Views on News

Most Popular

Large Opportunities Are Coming Our Way

Aug 5, 2020

Kenneth Andrade tells us why stocks will bounce back strongly and what he's bullish on.

Is It Time to Book Profits in Gold and Silver?(Fast Profits Daily)

Aug 10, 2020

Gold and silver have delivered phenomenal returns this year. Is it time to take some money of the table?

Forget the Nifty and Sensex for the Next 1 or 2 Years and Focus on These Stocks(Profit Hunter)

Aug 6, 2020

Stocks from the essential small cap space are likely to be outperformers over the next 1 or 2 years.

3 Stocks to Ride the Big Rebound in Smallcaps(Profit Hunter)

Aug 11, 2020

The rebound ratio suggests that smallcaps are set for big gains but this time it will be limited to a few stocks. Make sure you choose wisely.

Governance: For the Country and Your Portfolio(The Honest Truth)

Aug 14, 2020

Ajit Dayal on the need of socially responsible governance.

More

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


Aug 14, 2020 (Close)

TRACK ACC

ACC - SHREE CEMENT COMPARISON

COMPARE ACC WITH

MARKET STATS