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ACC LTD Announces Quarterly Results (3QFY19); Net Profit Up 260.0%

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ACC LTD Announces Quarterly Results (3QFY19); Net Profit Up 260.0%
Wed, 13 Feb

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

ACC LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m34,94234,33238,95613.5%11.5%
Other incomeRs m460327300-8.3%-34.8%
TurnoverRs m35,40234,65939,25613.3%10.9%
ExpensesRs m30,51329,89734,07814.0%11.7%
Gross profitRs m4,4304,4354,87810.0%10.1%
DepreciationRs m1,5871,5081,5522.9%-2.2%
InterestRs m32419922412.1%-31.0%
Profit before taxRs m2,9793,0553,40311.4%14.2%
TaxRs m953989-3,891-493.6%-508.5%
Profit after taxRs m2,0262,0677,294252.9%260.0%
Gross profit margin%12.712.912.5
Effective tax rate%32.032.4-114.3
Net profit margin%5.76.018.6
* 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 11.5% on a year-on-year (YoY) basis. The expenses were up by 11.7% YoY during the same period.
  • The company's operating profit increased by 10.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 12.5% in 3QFY19.
  • Depreciation charges declined by 2.2% and finance costs declined by 31.0% YoY, respectively.
  • Other income declined by 34.8% YoY during the quarter.
  • Net profit for the quarter increased by 260.0% YoY. Net profit margins during the quarter increased from 5.7% in 3QFY18 to 18.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 13.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 14.0% QoQ during the same period.
  • The company's operating profit declined by 10.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.5% in 3QFY19 as against 12.9% in 2QFY18.
  • Net profit for the quarter increased by 252.9% QoQ, while net profit margins increased from 6.0% in 2QFY18 to 18.6% in 3QFY19.

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 1,651.1 to Rs 1,375.1, registering a Loss of Rs 276.0 or around 16.7%.

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 1,375.1, the price to earnings (P/E) ratio of ACC LTD stands at 17.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.8 times.

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