Q2FY22 Quarterly Result Announced for ACC Ltd.
Highlights: Profit after Tax during the quarter up by 24% versus same period last year EBIT margin expanded by 70 basis points Strong focus on Green Products through growth of ECOPact concrete range Net Sales during the quarter increased to Rs 3,653 Crore, a growth of 5% vs previous year EBIT for the quarter is higher by 10% at Rs 562 Crore “ACC has recorded solid performance during the quarter through operational excellence and focus on sustainability while meeting customers’ needs. Despite steep increase in fuel costs, our cost efficiency measures under project ‘Parvat’ have enabled us to maintain robust performance. During this period, ACC became the first company in the Indian construction sector to sign the Net Zero Pledge - Business Ambition for 1.5°C. It is a commitment towards the 2030 intermediate targets to reduce greenhouse gas emissions, as approved by the Science Based Target initiative (SBTi). We continue to drive low CO2 products and solutions such as ECOPact, which have performed very well during the last quarter. I am confident that our relentless focus on execution of cost efficiency and capacity expansion projects will enable us to deliver strong shareholder value” said Sridhar Balakrishnan, Managing Director and CEO. Result PDF19-10-2021