ACC - Q3CY13 Result Update - LKP Research

ACC Limited announced its Q3 FY14 results on 23rd October 2013. The company's Net sales declined by 9.87% and 0.64% on QoQ and YoY basis respectively. EBITDA declined by 38.52% on YoY basis. EBITDA Margin of the company declined from 18.02% to 11.15% on YoY basis. PAT declined by 54.55% and 50.83% on QoQ and YoY basis respectively.

The company sold 5.54 million tonnes cement during the quarter compared to 5.40 million tonnes a year ago.

Overall, the macro-environment continued to be dull and characterised by slow industrial and agricultural growth, rising prices and volatile foreign exchange rates.

There were increases in the prices of diesel, coal and railway freight which could be countered partly through the company's ongoing initiatives to achieve improvements in operations, sales and logistics.

Source : Equity Bulls

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