ACC Limited Reports Q1 FY27 Performance with ₹5,808 Crore Operational Revenue; Advances Amalgamation with Ambuja Cements

Cement and building materials major ACC Limited (BSE: 500410, NSE: ACC), an Adani Group company, announced its consolidated unaudited financial results for the first quarter ended June 30, 2026 (Q1 FY27).

The company recorded total revenue from operations (including government grants) of ₹5,808 crore alongside quarterly sales volumes of 10 million tonnes (MnT). During the quarter, ACC demonstrated progress in premiumization, operational cost optimization, green power adoption, and strategic capacity expansion.

Financial Performance Summary: Q1 FY27

Revenue from Operations: Consolidated revenue from operations stood at ₹5,740 crore (versus ₹6,277 crore in Q1 FY26 and ₹7,124 crore in Q4 FY26). Total revenue including government grants reached ₹5,808 crore.

Total Income: Total income reached ₹5,861 crore, down from ₹6,396 crore in Q1 FY26 and ₹7,198 crore in Q4 FY26.

Operating EBITDA: Operating EBITDA for the quarter stood at ₹457 crore, supported by higher Master Supply Agreement (MSA) volumes with parent company Ambuja Cements.

Profit Before Tax (PBT): Stood at ₹200 crore, compared to ₹563 crore in Q1 FY26 and ₹370 crore in Q4 FY26, after factoring in ₹24 crore of net exceptional item expense.

Profit After Tax (PAT): Net profit for the quarter reached ₹147 crore, compared to ₹375 crore in Q1 FY26 and ₹238 crore in Q4 FY26.

Earnings Per Share (EPS): Basic EPS for Q1 FY27 stood at ₹7.83 per share (face value ₹10/- each), compared to ₹19.99 in Q1 FY26 and ₹12.69 in Q4 FY26. Diluted EPS was ₹7.81.

Total Comprehensive Income: Stood at ₹149 crore for the quarter.

Segmental Revenue & Results

1. Cement & Ancillary Services

Segment Revenue: Reached ₹5,376 crore in Q1 FY27 (versus ₹5,956 crore in Q1 FY26 and ₹6,657 crore in Q4 FY26).

Segment Results: Stood at ₹193 crore (versus ₹510 crore in Q1 FY26 and ₹304 crore in Q4 FY26).

2. Ready Mix Concrete (RMX)

Segment Revenue: Expanded 20.43% YoY to ₹501 crore, up from ₹416 crore in Q1 FY26.

Segment Results: Stood at ₹7 crore (versus ₹21 crore in Q1 FY26). Operating EBITDA for the RMX business was reported at ₹33 crore.

Footprint & Volumes: RMX volume expanded 17% YoY to 0.97 million cubic meters (Mn m³), with the operational plant footprint scaling up to 119 plants.

Cost Structure & Operational Drivers

Consolidated total expenses for Q1 FY27 stood at ₹5,639 crore, down from ₹5,835 crore in Q1 FY26 and ₹6,826 crore in Q4 FY26. Marginal sequential cost reductions were realized through focused optimization initiatives, which helped cushion headwinds stemming from external geopolitics in West Asia:

Cost of Materials Consumed: ₹1,002 crore (versus ₹1,117 crore in Q1 FY26).

Purchases of Stock-in-Trade: ₹1,747 crore (versus ₹1,668 crore in Q1 FY26).

Changes in Inventories: Recorded a absorption/change of -₹35 crore.

Power & Fuel Expenses: Reduced to ₹785 crore, down from ₹862 crore in Q1 FY26 and ₹951 crore in Q4 FY26.

Freight & Forwarding Expense: Stood at ₹1,047 crore (versus ₹1,144 crore in Q1 FY26).

Employee Benefits Expense: Amounted to ₹166 crore (versus ₹205 crore in Q1 FY26).

Finance Costs: Stood at ₹27 crore (versus ₹30 crore in Q1 FY26).

Depreciation & Amortisation: Amounted to ₹261 crore (versus ₹255 crore in Q1 FY26).

Other Expenses: Totaled ₹619 crore (versus ₹649 crore in Q1 FY26).

Tax Provision: Net tax expense for the quarter was ₹53 crore (comprising ₹59 crore current tax and a deferred tax credit of ₹6 crore).

Operational Excellence & Sustainability Highlights

Commercial Mix Improvement: Trade share rose by 5 percentage points YoY to 81%. Furthermore, premium product sales expanded to 44% of total trade sales, marking a 3 percentage point increase YoY.

Green Energy Transition: Share of green power in overall energy consumption increased to 31% in Q1 FY27, up from 26% in Q1 FY26.

Sustainability & Certification Wins: Awarded CII's GreenPro certification for its blended cement portfolio. Secured GRIHA certification for its entire B2B and B2C blended cement portfolio, along with special recognition for GRIHA typologies in Life Cycle Assessment (LCA) and Innovation based on Environmental Product Declarations (EPD).

Key Strategic & Business Updates

Amalgamation with Ambuja Cements ("One Cement Platform"): Received the No Objection Certificate (NOC) from SEBI for the proposed merger of ACC with Ambuja Cements on June 4, 2026. Subsequently, an application was filed with the National Company Law Tribunal (NCLT) on June 29, 2026. The transaction remains on track to close during FY27, pending regulatory approvals.

Capacity Expansion: Initiated trial runs for the 2.4 MTPA grinding unit at Salai Banwa, Uttar Pradesh. Expansion works at Kalamboli, Maharashtra are underway to add an additional 1.0 MTPA capacity by the quarter ending September 2027.

Balance Sheet Strength & Credit Profile

Equity Base: Net worth stood strong at ₹20,562 crore, backed by paid-up equity share capital of ₹188 crore (face value ₹10/- per share) and other equity of ₹20,362 crore.

Liquidity: Cash and cash equivalents stood at ₹375 crore, providing ample liquidity to support ongoing capital expenditure plans.

Credit Ratings: Retained top-tier credit profiles with AAA / A1+ ratings from CRISIL and CARE.

Mr. Vinod Bahety, Whole-Time Director & CEO, ACC Limited, said: "We have commenced FY'27 with a resilient performance, driven by a higher share of trade volumes and continued premiumization. During the quarter, profitability reflected the impact of planned maintenance of larger Integrated Units, higher MSA with parent Ambuja Cements, even as we continued to prioritize value-led growth and quality earnings.

Our journey towards building a simpler, stronger and more integrated business continues through the proposed One Cement Platform. Combined with strategic capacity expansions at Salai Banwa and Kalamboli, CiNOC-enabled operational excellence and customer-focused solutions, we have a good visibility of improved performance in the coming quarters. Leveraging the strength of our integrated business model and group synergies, Adani Cement at consolidated level remains committed to delivering approximately Rs 250 PMT cost reductions in FY'27."

Shares of ACC Limited was last trading in BSE at Rs. 1334.40 as compared to the previous close of Rs. 1358.70. The total number of shares traded during the day was 4736 in over 489 trades.

The stock hit an intraday high of Rs. 1358.70 and intraday low of 1333.00. The net turnover during the day was Rs. 6367873.00.

Source : Equity Bulls

Keywords

ACC INE012A01025 AdaniCement Q1FY27 Q1FY2027 ResultUpdate