ACC Ametha Project to be commissioned by March 2023
ACC Limited records Cement Volume growth of 4% and Net Sales increase of 7% in quarter ended Sep 2022; Ametha Integrated Project to be commissioned by March 2023
ACC, the building materials arm of the diversified Adani Group, announced the financial results for the quarter ended September 30, 2022.Operational Highlights:
- During the quarter ended September 30, 2022, Cement Volume grew by 4% as compared to the same quarter last year. Ready Mix Concrete performed well with a volume growth of ~10% over the same quarter last year.
- With a focus on operational excellence and unlocking potential, ACC has accelerated de-bottlenecking of various plants and improvement in efficiencies. Alternative fuels and raw materials (AFR) platforms are being leveraged to maximize usage of wastes to reduce power and fuel cost.
- ACC recorded net sales of ₹ 3,910 crore as compared to ₹3,653 crore in the same quarter last year.
- EBITDA for the quarter ended September 30, 2022, stood at ₹16 crore largely due to steep rise in fuel cost.
| Consolidated Financial Performance for quarter ended Sep 30, 2022: | |||
| Particulars | UoM | Quarter Jul-Sep 2022 | Quarter Jul-Sep 2021 |
| Sales Volume – Cement | Million Tons | 6.85 | 6.57 |
| Sales Volume – Ready Mix Concrete | Million Cubic Meters | 0.75 | 0.68 |
| Net Sales | ₹ Crore | 3,910 | 3,653 |
| EBITDA | ₹ Crore | 16 | 712 |
| EBITDA Margin | % | 0.4% | 19.5% |
Targeting ESG leadership, ACC’s sustainability strategy is led by its Sustainable Development 2030 plan.
- In September 2022, WHRS projects at Jamul and Kymore have been partially commissioned. Next wave of WHRS projects at Chanda and Wadi plants are progressing well. Scaling up of renewable power-solar, wind and hydro is underway.
- ACC continues its focus to build low carbon portfolio through higher proportion of blended cement and accelerating green products and solutions through increasing usage of AFR.
- High focus on water governance, sustainable livelihood and social inclusion for the community continues. Over 4 lakh new beneficiaries were added during the quarter.
