English
Specials
    Upgrade

    Moneycontrol

    Budget 2023Budget 2023

    PARTNERS

    • Tata AIA Life Insurance
    • Hafele
    • Motilal Oswal
    • SMC Global Securities Limited
    • SBI Life
    • DSP Mutual Fund
    Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
    you are here: HomeNewsBusinessMoneycontrol Research

    ACC: Q3 earnings underpin a positive outlook

    With revenues returning to pre-COVID levels, ACC has structurally improved its underlying profitability, and therefore, could surprise on the upside

    Sachin Pal
    October 29, 2020 / 08:44 PM IST
    ACC: Q3 earnings underpin a positive outlook

    Representative Image

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Cement manufacturer ACC reported a strong Q3CY20 results despite the negative effects of the coronavirus. The quarterly earnings were quite upbeat, with revenues, margins and profits much better than expected. While the company continues to perform well across its major business segments, the strong financial positioning will help it endure the damage caused by the pandemic. Quarter result highlights Revenues were flat compared with the year-ago period. Volumes surprised positively and came in at 6.5 metric tonnes — up 2 per...

    • PRO Panorama

      Moneycontrol Pro Panorama | Budget 2023: Bonds jump in joy, stocks sulk

      Feb 3, 2023 / 02:02 PM IST

      In today’s edition of Moneycontrol Pro Panorama: Old Pension Scheme is not a gamechanger, bitcoin makes a comeback, big firms st...

      Read Now
    • PRO Weekender

      Moneycontrol Pro Weekender: The elephant in the room

      Feb 4, 2023 / 11:20 AM IST

      The well-crafted and well-delivered budget got many ‘wows’, but Mr Market’s worry lines are not yet gone

      Read Now

    To read the full story, Subscribe to Moneycontrol PRO

    Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

    View Plans

    Already a member? Sign in

    Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

    50% OFF

    What Do You Get

    • Ad free experience

      Experience a non-intrusive navigation and faster response in the ad free mode

    • Sharpest Opinions

      Access to 230+ exclusive stories per month from our editorial and Experts

    • +

      Have a Global edge with access to content from world renowned experts and journalist

    • Actionable Insights

      Access to 40+ weekly investment ideas including 4 daily technical calls

    • Virtual Events

      Exclusive access to live webinars from market experts on trading and investment strategies

    • Newsletters

      Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

    View Offers

    Get upto 50% discount on limited period offers