Clinker & cement sales volume increased by 17.3% YoY at 8.1 million tonne during the September 2023 quarter.

In Q2 FY24, EBITDA grew to Rs 759 crore from Rs 86 crore posted in corresponding quarter previous year while EBITDA margin improved to 16.3% from 2.1% posted in Q2 FY23, driven by cost savings & operational efficiency.

On outlook front, the cement maker stated that the Cement industry is to witness volumetric growth as demand environment remains robust on the back of increased housing and infrastructure spend; healthy growth and demand prospects augers well with company's growth ambition with leading margins.

Ajay Kapur, whole time director & CEO, ACC, said, “This commendable growth is attributed to the improved demand for our premium cement products up by 1.5 pp YoY at 32% of trade sales, net dealer addition 534 during quarter across all markets, coupled with our commitment to enhancing operational efficiency and prioritizing environmental sustainability.

“In operational efficiencies, electrical energy consumption improved by 6.4 kWh/t to 73.9 kWh/t with clinker factor improvement from 57.2% to 56.6% coupled with reduction in Kiln fuel cost from Rs 3.19 to Rs 1.85/000 kcal,” he added.

Lastly, Ajay Kapur said, “In H1 FY24, we have reduced specific CO2 emissions by 13 kg/t of cementitious material to 466 kg/t of cementitious material YoY. Our strategies include optimising our industry leading green blended cement portfolio was at 93% of total sales, minimizing thermal and electrical energy intensity, introduction of waste heat recovery systems across facilities, and a significant focus on boosting our renewable energy capacity and usage.”

Cash & cash equivalent stood at Rs 3,634 crore as at 30 September 2023.

ACC is a part of Adani Cement and one of India's leading producers of cement and ready-mix concrete. ACC has 16 cement manufacturing sites, over 85 concrete plants and a nationwide network of channel partners to serve its customers.

The scrip advanced 0.35% to Rs 1,897 on the BSE.