ACC Q4 Results: PAT Up 378% YoY To Rs 2,337 Crores; EBITDA Jumps 79%

ACC Q4 Results: The Board of Directors recommended a dividend of Rs. 7.50 per equity share, maintaining last year's level on a 12-month basis

ACC Q4 Results: Cement maker achieved seven times plastic negativity by co-processing plastic waste in cement kilns and plans to plant 8.3 million trees by 2030.

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Cement maker ACC Limited (ACC) reported strong financial results for the fourth quarter (Q4) and full fiscal year ended March 31, 2024. The company attributes its robust performance to significant improvements in volume, cost, and efficiency metrics.

Ajay Kapur, whole-time director and CEO of ACC Limited, expressed confidence in the company's financial success, noting a 138 per cent increase in EBITDA during the fiscal year. Kapur pointed out the company's dedication to sustainability and efficiency, saying, "Our investments in green power and efficiency improvements are central to our success as we continue to strengthen our position in the cement industry."

Key Financial Highlights:

• Revenue Growth: 13%
• Volume up by 23.5%
• Operating EBITDA Increase: 79%
• EBITDA Margin: Improved from 9.8% to 15.5%
• Cash Flows: Rs 1,044 crore generated in Q4 and Rs 2,995 crore in FY24
• Cash and Cash Equivalents: Rs 4,667 crore
• Consolidated Net Worth: Rs. 16,333 crore, up by Rs 2,191 crore from FY23
• Working Capital: 13-day cycle, one of the best in the industry
• Diluted EPS: Rs 50.2 in Q4 FY24, compared to Rs 12.5 in Q4 FY23

The Board of Directors recommended a dividend of Rs. 7.50 per equity share, maintaining last year's level on a 12-month basis.

ACC's sustainability efforts were also recognised, with several products, including ACC Suraksha and ACC Concrete Plus, featured in GRIHA's green product catalog. The company aims to achieve 60 per cent green power by 2028, reduce costs, and improve EBITDA as part of its 2030 Sustainable Development Plan.

Additionally, ACC is committed to net-zero emissions by 2050, with short-term targets validated by the Science Based Targets initiative. The company's CSR initiatives have positively impacted over 1.4 million people through water management, sustainable livelihoods, and social inclusion programs. ACC achieved seven times plastic negativity by co-processing plastic waste in cement kilns and plans to plant 8.3 million trees by 2030.

As part of Adani Group, ACC's efforts align with the broader goal of planting 100 million trees and advancing the circular economy with a target of achieving a thermal substitution rate (TSR) of 27 per cent by FY28.