ACC Limited
NSE Symbol ACC
ACC LIMITED has declared its results for the first quarter ending 31st,March,2011. The consolidated results for the same is compared with the firast qtr of Cal.Year 2010 and also, on an annualized basis ( Q1 CY 2011 x 4 vs CY 2010) with the whole of CY 2010.
Net Sales in Q1 CY 2011 has gone up to Rs.2556.21 cr – up by 14.10% from Q1 CY 10 and on annualized basis, up by 23.81% from CY 2010.
Total Expenditure for Q1 CY 2011 has risen to Rs.2119.07 cr – up by 22.91% from Q1 CY 10 – and up on annualized basis by 18.62% from CY 2010.
Profit from Operations stands at Rs.465.12 Cr – down by 15.61% from Q1 CY 10 – but up on annualized basis, by 35.26% from CY 2010.
Profit before tax for Q1 CY 11 stands at Rs.481.21 cr – down by 14.76% from Q1 CY 2010 and up on annualized basis by 35.99% from CY 2010.
Net Profit stands at Rs.348.28 cr for Q1 CY 11– down by 11.35% from Q1 CY 10 and up on annualized basis by 29.71% from CY 2010.
Consolidated Net Profit for Q1 CY 11 is Rs.350.17 Cr – down by 10.87% from Q1 CY 10; and up on annualized basis by 29.99% from CY 2010.
Basic EPS is Rs.18.65 for Q1 CY 2011 – against Rs.20.93 for q1 FY 10 and Rs.57.39 for the entire CY 2010. If Cement despatches pick up well in rest of the year – ACC could surpass last year’s annual EPS. The pick up in infra and building sectors may happen during the year 2011 and ACC could surpass 2010 achievements.
CONSOLIDATED RESULTS TABLE :
Q1 CY10CS | |||
Net Sales | 255,620.96 | 224,037.78 | 825,876.62 |
Other Oprtg Income | 2,798.66 | 3,487.54 | 26,270.58 |
Increase in SIT/WIP | -588.43 | 3,181.19 | -5,422.09 |
Raw Materials | 95,264.28 | 72,918.01 | 306,116.59 |
Traded goods | 4,520.60 | 3,713.46 | 14,897.85 |
Employees Cost | 12,186.69 | 9,840.59 | 49,819.49 |
Depreciation | 12,093.62 | 10,307.48 | 42,772.44 |
Other Expenditure | 88,430.62 | 72,450.45 | 306,413.27 |
Total Expenditure | 211,907.38 | 172,411.18 | 714,597.55 |
Profit from Operations | 46,512.24 | 55,114.14 | 137,549.65 |
Other Income | 4,138.84 | 2,703.84 | 9,784.49 |
Interest | 2,530.10 | 1,362.96 | 5,793.01 |
Profit before tax | 48,120.98 | 56,455.02 | 141,541.13 |
Tax Expense | 13,292.67 | 17,167.12 | 34,136.00 |
Net Profit | 34,828.31 | 39,287.90 | 107,405.13 |
Minority Interest | -191.53 | - | 2.08 |
Shares of Associates | 2.6 | - | -349.76 |
Consol. Net Profit | 35,017.24 | 39,287.90 | 107,752.81 |
Face Value (in Rs.) | 10 | 10 | 10 |
Paid-up Equity | 18,795.10 | 18,794.06 | 18,795.10 |
Basic EPS (in Rs.) | 18.65 | 20.93 | 57.39 |
Diluted EPS (in Rs.) | 18.61 | 20.88 | 57.27 |
Public holding (%) | 50.7 | 53.8 | 51.68 |
June 1, 2011
ACC Media Release –
Cement Production and Despatches in May 2011
May– 2011 | |
Cement production | 2.01 million tonnes |
Cement despatches | 1.99 million tonnes |
May– 2010 | |
Cement production | 1.82 million tonnes |
Cement despatches | 1.75 million tonnes |
Cumulative | |
January – May 2011 | |
Cement production | 10.28 million tonnes |
Cement despatches | 10.26 million tonnes |
January – May 2010 | |
Cement production | 9.15 million tonnes |
Cement despatches | 9.10 million tonnes |
ANNOUNCEMENTS TO NSE
02-06-2011 In accordance with the order of the Hon'ble High Court of Judicature at Bombay dated April 29, 2011, a meeting of the members of ACC Limited (the "Transferee Company") was convened and held on June 01, 2011. The resolution for approval of the Scheme of Amalgamation of Lucky Minmat Limited, National Limestone Company Private Limited and Encore Cements and Additives Private Limited ("Transferor Companies") into the Transferee Company was put to a ballot. 225 shareholders, in person or proxy or through authorized representatives were present constituting 13,65,70,749 number of shares of the Transferee Company. The resolution was approved by 165 number of shareholders holding 13,28,22,908 shares of the Transferee Company comprising 97.25 % in value and 73.33% In number of the total shareholding of the Transferee Company. The resolution was approved by the requisite majority of shareholders comprising three-fourths in value and a majority in number of the members present and voting in accordance with Sections 391-394 of the Companies Act, 1956.
26-04-2011 consolidated Results for the quarter ended on 31-MAR-2011 as follows: Net Sales of Rs. 255620.96 lacs for quarter ending on 31-MAR-2011 against Rs. 224037.78 lacs for the quarter ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 35017.24 lacs for the quarter ending on 31-MAR-2011 against Rs. 39287.9 lacs for the quarter ending on 31-MAR-2010.
26-04-2011 standalone Results for the quarter ended on 31-MAR-2011 as follows: Net Sales of Rs. 239816.11 lacs for quarter ending on 31-MAR-2011 against Rs. 210181.02 lacs for the quarter ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 35066.44 lacs for the quarter ending on 31-MAR-2011 against Rs. 40512.87 lacs for the quarter ending on 31-MAR-2010.
03-02-2011 Board of Directors of the Company at its meeting held on February 03, 2011, inter alia, has approved the Scheme of Amalgamation of its wholly owned subsidiary Companies, Lucky Minmat Limited, National Limestone Company Private Limited and Encore Cement And Additives Private Limited with the Company subject to necessary approvals being obtained in this behalf.
03-02-2011 Acc Limited has recommended payment of a final dividend of Rs. 20.50 (Rupees Twenty and Paise Fifty only) per equity share of Rs. 10/- each which includes a one time Special Dividend of Rs. 7.50 per equity share for the Platinum Jubilee Year. The total dividend for the year is Rs. 30.50 (Rupees Thirty and Paise Fifty only) per equity share inclusive of the Interim Dividend of Rs. 10 per equity share.
03-02-2011 consolidated Results for the year ended on 31-DEC-2010 as follows: Net Sales of Rs. 825876.62 lacs for year ending on 31-DEC-2010 against Rs. 847955.27 lacs for the year ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 107752.81 lacs for the year ending on 31-DEC-2010 against Rs. 156391.11 lacs for the year ending on 31-DEC-2009.
03-02-2011 standalone Results for the year ended on 31-DEC-2010 as follows: Net Sales of Rs. 771732.58 lacs for year ending on 31-DEC-2010 against Rs. 802719.87 lacs for the year ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 112001.21 lacs for the year ending on 31-DEC-2010 against Rs. 160673.35 lacs for the year ending on 31-DEC-2009.
09-11-2010 News Verification : The media had reports that ACC Limited may merge itself with Ambuja Cements Ltd. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. ACC Limited has vide its letter inter-alia stated,"We would like to clarify that the news item about the merger of ACC and Ambuja Cements Ltd. is not factual."
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