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ACC posts two-fold rise in Q1FY22 net profit despite covid-19 disruptions

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The company’s financial performance during the quarter: ACC reported 49.3% growth year on year (YoY) in total sales revenues for the June quarter on consolidated basis at ₹38.8 billion.

On a sequential basis, revenues were down 9.5% compared to ₹42.9 billion in the March 2021 quarter on account of Covid 2.0 impact on output.

For the June quarter, cement volumes 43.7% to 6.8 million tonnes as compared to 4.8 million tonnes in the same period last year.

It got big boost from government infrastructure spending. Among the two key verticals of ACC, the cement division saw 43.9% growth at ₹36.7 billion while the ready-mix concrete or RMC division saw 4-fold revenue growth at ₹2.6 billion.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
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India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
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Russia
Cases: 8 494 589
Deaths: 237 619
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