ACC Ltd. – Q1CY12 First Cut - GEPL Capital

Net sales for ACC Ltd for Q1CY12 stood at Rs. 28,891 mn, showing a growth of 19.2% on Y-o-Y basis, driven by increase in realisation of cement and Volume.

EBIDTA margin declined by 159.3 bps, mainly driven by more than proportionate increase in cost of production vs the corresponding growth in realisation. Cost per bag for Q1CYFY12 rose by 12 Y-o-Y, at the same time realisation on Y-o-Y basis grew by 10.5% Y-o-Y.

Net profit for the quarter under consideration declined by 55.7% on Y-o-Y basis to Rs 1,554mn, the decline was attributable to Change in depreciation method for fixed assets pertaining to captive power plant from SLM (straight line) method to Written down value method (WDV). As a result of this company has recognized an additional depreciation of Rs 3413 mn. Amount relating to earlier years has been disclosed as exceptional item amounting to Rs 33,538 mn.

Source : Equity Bulls

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