Volume growth of 21% YoY, at 10.7 MnT, Highest ever volume in a quarter
Highest quarterly revenue of Rs. 5,927 Cr in Q3 series, up 21% YoY
Operating EBITDA at Rs. 1,116 Cr, Highest ever margin @18.8%
Cash & Cash Equivalent at Rs. 2,526 Cr
EDITOR’S SYNOPSIS
- Partnered with Finland-based Coolbrook to leverage zero-carbon rotodynamic heating
technology as one more step towards its Net Zero commitment.
- PMT EBITDA at Rs. 1,038, up by 2% YoY, margin at 18.8%, up by 0.4 pp YoY.
- Highest ever PAT at Rs. 1,092 Cr, up by 103% YoY.
- EPS at Rs. 58.0 for the quarter, up by Rs. 29.4 YoY.
Ahmedabad, 27 January 2025: ACC Limited, the cement and building materials
company of the diversified Adani Portfolio today announced a steady financial performance during
the third quarter and nine months (9M) of FY’25 ended December 31, 2024. The performance comes
on the back of volume growth, cost optimisation and improved efficiency parameters.
Mr. Ajay Kapur, Whole Time Director & CEO, ACC Ltd, said, “Our Q3 results
demonstrate our strategic focus on driving growth through higher volumes, cost optimisation, and
enhanced efficiencies. With strong demand for our premium cement products, and our commitment to
excellence on all parameters in line with our ESG leadership, we are leveraging innovation and
sustainability to maintain our competitive edge and maximise stakeholder value. We are
well-poised to achieve sustained profitability and capitalise on our strategic vision set forth
for our business.”
Operational Highlights
- The engines of efficiency drive, cost initiative and investments to overhaul all plants has
delivered phenomenal results on overall cost reduction and volume improvements.
- All business KPIs like volumes, efficiencies, cost and capex have shown healthy
improvements, reinforcing cost leadership journey.
- Volume increased by 21% YoY supported by increase in trade volumes and higher premium
product volumes (11% YoY), ensuring market leadership.
- Optimised Fuel Basket, with use of low cost imported petcoke improved linkage and captive
coal consumption and synergies with Group companies have resulted in 10% reduction in Kiln
fuel cost Rs. 1.86 to Rs. 1.68 per ’000 Kcal.
- Thermal value reduced from 739 kCal to 732 kCal, expect further improvement in coming
quarters.
- Logistics costs reduced by 9% @Rs 939/ton, driven by efficiency improvement journey
(Secondary lead reducing by 3 Km, direct dispatch up by 7 pp @51%). Through various freight
negotiation initiatives, road PTPK has decreased by 6% YOY. This is going to be further
reduced with roll out of initiatives viz. wheeler rationalisations, BCFC rakes etc.
| Particulars (YoY) |
Q3 FY’25 |
9M FY’25 |
Sales Volume
(Clinker & Cement)
|
Growth of 21% YoY, at 10.7 Mn T, highest ever volume in a quarter |
Growth of 15% YoY, at 30.3 Mn T, highest ever volume in nine months |
Kiln Fuel
Cost
|
Reduced by 10%
(Rs. 1.86 to Rs. 1.68/’000 kCal)
|
Reduced by 15%
(Rs. 1.95 to Rs.1.67/’000 kCal)
|
| Green Power as a % of power Consumption |
Increased by
5.7 pp to 18.7%
|
Increased by
2.2 pp to 15.6%
|
| AFR consumption in Kiln |
Increased by
0.4 pp to 9.6%
|
Increased by
1.9 pp to 10.4%
|
Financial Highlights
- Highest ever revenue in Q3 Series over last 5 years at Rs. 5,927
Cr, driven by higher trade sales volume (up by 11%) and premium product as % of
trade sales at 32%.
- Higher volume along with improved operational parameters resulted in growth in all business
parameters.
- Operating EBITDA at Rs. 1,116 Cr, EBITDA margin at 18.8%.
- Cash & Cash equivalent at Rs.2,526 Cr, with highest ever Net Worth at Rs.
17,816Cr, up by Rs. 1,091 Cr during the current quarter
- EPS (Diluted) at Rs. 58.0 during the quarter.
Financial Performance for the Quarter ended December 31, 2024:
| Particulars |
UoM |
Q3 FY’25 |
Q3 FY’24 |
Sales Volume
(Cement and Clinker)
|
Million
Tonnes
|
10.7 |
8.9 |
Sales Volume
Ready Mix Concrete |
Million M3 |
0.71 |
0.66 |
| Revenue from Operations |
Rs. Cr |
5,927 |
4,914 |
| Operating EBITDA & Margin |
Rs. Cr |
1,116 |
905 |
| % |
18.8 |
18.4 |
| Rs. PMT |
1,038 |
1,017 |
| Other Income |
Rs. Cr |
648 |
86 |
| Profit before Tax |
Rs. Cr |
1,477 |
729 |
| Profit after Tax |
Rs. Cr |
1,092 |
538 |
| EPS (Diluted) |
Rs. / Share |
58.0 |
28.6 |
Financial Performance for nine months ended December 31, 2024:
| Particulars |
UoM |
9M FY’25 |
9M FY’24 |
Sales Volume
(Cement and Clinker)
|
Million
Tonnes
|
30.3 |
26.4 |
Sales Volume
Ready Mix Concrete |
Million M3 |
2.00 |
2.07 |
| Revenue from Operations |
Rs. Cr |
15,696 |
14,550 |
| Operating EBITDA & Margin |
Rs. Cr |
2,231 |
2,225 |
| % |
14.2 |
15.3 |
| Rs. PMT |
737 |
841 |
| Other Income |
Rs. Cr |
879 |
373 |
| Profit before Tax |
Rs. Cr |
2,245 |
1,874 |
| Profit after Tax |
Rs. Cr |
1,651 |
1,392 |
| EPS (Diluted) |
Rs. / Share |
87.7 |
73.9 |
ESG Updates
- 200 MW Solar Power at Khavda started, will lead to reduction in power cost in upcoming quarters.
- Committed to Net Zero by 2050, with ACC and Ambuja Cements being the only 2 cement companies in India undergoing Net Zero target validation from SBTi.
- Became member of United Nations Global Compact (UNGC), a global initiative to implement universal sustainability principles.
- Undertaken noteworthy initiatives on renewable power, water conservation, circular economy, TSR, tree plantation along with high share of blended cement in product mix.
- Created societal value for over 1.22 lakhs people by contributing to fields like healthcare, education, employment, and sustainable livelihoods.
- Range of innovative products, including ACC ECOMaxX, ACC AEROMaxX, and ACC Coolcrete, continues to expand, adding to the wide array of eco-friendly options.
Branding and Technical Services
- Partnered with the Gujarat Giants in Pro Kabaddi League Season 11, one of India's premier sports leagues.
- ACC Certified Technology implemented at 37,214 customer sites, making their homes stronger.
- Trained 10,300+ Contractors under various skill upgradation workshops with 3,300+ plant visits, aimed at deeper understanding of our products.
- Launched thematic Ad films for Durga Puja and Diwali reflecting the festive fervour of our customers and partners.
- Various knowledge sharing technical events conducted for 6,300+ construction professionals.
Digitalisation
- Launched ‘RewardsConnect’, a rewards hub loyalty portal, enabling pan-India online reward point redemption for contractors.
- Deployed OT Security Monitoring solution for real-time monitoring of OT systems strengthening cybersecurity.
- Completed Asia’s largest legacy SAP upgrade to Suite on HANA.
- Implemented Electronic Proof of Delivery system, improving invoicing efficiency and reducing processing/documentation cost.
Outlook
The cement sector experienced modest growth of 1.5-2% during H1 FY’25. Looking ahead, cement demand is expected to rebound in Q4 FY’25 as construction activity accelerates in the infrastructure and housing segments. The pro-infra and housing Budget 2025, along with increased government spending on infrastructure and construction activities, is anticipated to further support this growth. Cement demand is projected to grow in the range of 4-5% for FY’25.
Achievements
- Gold at the Arogya World Healthy Workplace Awards 2024.
- IconSWM-CE Excellence Award 2024 for excellence in co-processing and AFR.
Scroll to top
