ACC Q1CY08 sales seen up 10% at Rs 1840 cr

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ACC Q1CY08 sales seen up 10% at Rs 1840 cr

ACC is to announce its Q1CY08 results. According to CNBC-TV18 estimates, the company sales is likely to go up 10% at Rs 1840 crore from Rs 1674 crore.

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By Niraj Shah, CNBC-TV18

ACC is to announce its Q1CY08 results. According to CNBC-TV18 estimates, the company sales is likely to go up 10% at Rs 1840 crore from Rs 1674 crore.

Its OPM is seen down at 26.40% versus 30.28% 

Its adjusted PAT is seen down 9% at Rs 298 crore versus Rs 328 crore.

Its reported PAT is seen down 10% at Rs 325 crore from Rs 363 crore.

ACC Q1CY08E

• Standalone 1QCY08 results are not comparable, as ACC has divested its RMC business into a separate subsidiary
• Higher depreciation (up 17.5%) and higher tax provisioning (at 30% of PBT v/s 25.7% in 1QCY07) would restrict recurring PAT
• During the quarter, ACC sold its subsidiary, ACC Machinery, for a consideration of Rs 45 cr
• Profit of Rs 30-35 cr arising from this sale could boost reported PAT