ACC LTD Announces Quarterly Results (2QFY19); Net Profit Up 15.6%

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ACC LTD Announces Quarterly Results (2QFY19); Net Profit Up 15.6%
Fri, 19 Oct

ACC LTD has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

ACC LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m31,16538,48334,332-10.8%10.2%
Other incomeRs m2433263270.6%34.9%
TurnoverRs m31,40838,80834,659-10.7%10.4%
ExpensesRs m27,00732,23429,897-7.2%10.7%
Gross profitRs m4,1586,2494,435-29.0%6.7%
DepreciationRs m1,5601,4901,5081.2%-3.4%
InterestRs m203273199-26.9%-1.8%
Profit before taxRs m2,6384,8123,055-36.5%15.8%
TaxRs m8491,544989-36.0%16.4%
Profit after taxRs m1,7893,2682,067-36.7%15.6%
Gross profit margin%13.316.212.9
Effective tax rate%32.232.132.4
Net profit margin%5.78.46.0
* 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 10.2% on a year-on-year (YoY) basis. The expenses were up by 10.7% YoY during the same period.
  • The company's operating profit increased by 6.7% YoY during the quarter. Consequently, operating profit margins remained same and stood at 12.9% in 2QFY19.
  • Depreciation charges and finance costs declined by 3.4% YoY and 1.8% YoY, respectively.
  • Other income increased by 34.9% YoY during the quarter.
  • Net profit for the quarter increased by 15.6% YoY. Net profit margins during the quarter increased from 5.7% in 2QFY18 to 6.0% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.2% QoQ during the same period.
  • The company's operating profit declined by 29.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.9% in 2QFY19 as against 16.2% in 1QFY18.
  • Net profit for the quarter declined by 36.7% QoQ, while net profit margins declined from 8.4% in 1QFY18 to 6.0% in 2QFY19.

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

ACC LTD Share Price Performance

Over the last one year, ACC LTD share price has moved up from Rs 1,766.9 to Rs 1,432.5, registering a Loss of Rs 334.4 or around 18.9%.

Overall, the S&P BSE SENSEX is up 5.6% over the year.

Current Valuations

At the current price of Rs 1,432.5, the price to earnings (P/E) ratio of ACC LTD stands at 27.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.9 times.

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