ACC Ltd., the Adani Group-owned cement manufacturer, reported better-than-expected revenue for the first quarter of fiscal 2025, according to an exchange filing. The company’s revenue for the quarter-ended June was Rs 5,155 crore, surpassing analysts’ forecasts tracked by Bloomberg, which estimated Rs 5,088.7 crore.
Q1 FY25 Financial Report (Consolidated, YoY)
- Revenue: Down 0.89% to Rs 5,155 crore (Bloomberg estimate: Rs 5,088.7 crore).
- EBITDA: Down 11.9% to Rs 679 crore (Bloomberg estimate: Rs 863.9 crore).
- EBITDA Margin: 13.2% versus 14.8% (Bloomberg estimate: 17%).
- Net Profit: Down 22.5% to Rs 361 crore.
Sales Volume
- Total Sales Volume (Cement and Clinker): 8.5% year-on-year growth to 10.2 million tonnes in Q1 FY25, marking the highest-ever volume for the company in the last five years.
- Ready Mix Concrete Sales Volume: Declined 10% annually to 0.68 million cubic meters.
Growth Outlook
According to the company’s press release, the Indian cement industry is expected to grow by 7% to 9% in FY25. This growth is anticipated to be driven by the Rs 11.11 lakh crore outlay for infrastructure projects allocated in the Union Budget FY25, representing 3.4% of GDP. These measures are expected to stimulate cement demand, as stated by the company’s management.
