Performance in line; volume surprised positively

Company

26 Apr 2024 | 5 Min Read

ACC 4QFY24 results update with financials and valuations.

Cement sales volume grew 23.5% YoY in 4Q.

EBITDA grew ~80% YoY to INR8.4b in 4QFY24.

Realization declined 7% QoQ; EBITDA/t came in at INR802.

ACC targets to increase green energy share to 60% by FY28.

ACC trades at reasonable valuations of 11.5x/10x FY25E/FY26E EV/EBITDA.