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

Markets will remain closed on 6^th April, 2020 on account of Mahavir Jayanti.

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 Change	YoY Change
Net Sales	Rs m	38,956	35,283	40,603	15.1%	4.2%
Other income	Rs m	300	508	575	13.3%	91.7%
Turnover	Rs m	39,256	35,791	41,179	15.1%	4.9%
Expenses	Rs m	34,078	29,712	35,194	18.4%	3.3%
Gross profit	Rs m	4,878	5,571	5,410	-2.9%	10.9%
Depreciation	Rs m	1,552	1,512	1,608	6.4%	3.6%
Interest	Rs m	224	163	293	80.0%	30.9%
Profit before tax	Rs m	3,403	4,404	4,084	-7.3%	20.0%
Tax	Rs m	-3,891	1,409	1,400	-0.6%
Profit after tax	Rs m	7,294	2,995	2,684	-10.4%	-63.2%
Gross profit margin	%	12.5	15.8	13.3
Effective tax rate	%	-114.3	32.0	34.3
Net profit margin	%	18.6	8.4	6.5

* 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.

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

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.

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ACC SHARE PRICE

BSE: 961.90 -0.02% NSE: 962.60 -0.09%
Apr 3, 2020 (Close)

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