Q4FY24 Quarterly & FY24 Annual Result Announced for ACC Ltd.
Cement & Cement products company ACC announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Q4FY24 Operating EBITDA up by 79% at Rs 837 crore. A total of Rs 1,044 crore cash flows generated from the Operations in Q4FY24. EPS(Diluted) Rs 50.2 in Mar’24 quarter, compared to Rs 12.5 in Mar’23 quarter. FY24 Financial Highlights: Annualised PAT (12 months) at Rs 2,337 crore up 378% YoY. Volume up by 23.5%, revenues up 13% YoY. EBITDA (PMT) at Rs 802 PMT, up 45% YoY. EBITDA margin at 15.5% up by 5.7 pp YoY. PAT at Rs 945 crore jumped 3x, YoY. EPS for the year improved to Rs 124.1, last year Rs 26.0. Dividend on equity shares at Rs 7.50 per share. Rs 2,995 crore cash flows generated from the Operations in FY24. Cash & Cash equivalent at Rs 4,667 crore, Consolidated Net Worth at Rs 16,333 crore, up by Rs 2,191 crore from FY23. Ajay Kapur, Whole Time Director & CEO, ACC, said, “We continue to solidify our position as a frontrunner in the cement industry. Our financial performance with jump in EBITDA by 138% during the year is a testament to the flexibility and strong foundation of our business model. The trust of our customers and our commitment to building a sustainable future with investment in efficiency improvements, green power etc. has furthered our success, as we emerge even stronger than before. With passing time ACC is getting younger and stronger with the expansion and performance efficiency plans” Result PDF25-04-2024