ACC

“Volumes are expected to grow ahead of the industry in second half of FY27, supported by accelerated trade volumes and calibrated institutional sales.”

“And now in Q3 and Q4, both of them will start becoming positive and therefore, the overall volume growth will be positive.”

“And I would say that it will be higher single teen, if not double digit. But although the effort will be to move above the double digit, but as of now, higher single digit will be what we will be looking at.”

“we are looking at almost sort of like 14 months for GU and about 18 months for IU on a completion basis”

“No, I think on those debottlenecking assets, almost 4 of them, for example, we are already working with Loesche, and those are progressing very well. And I'm going to give you an update with the completion, which is expected in coming 4 to 5 months' time.”

“So the Maratha Line-2 already is in advanced stages. And in next couple of quarters, you will see Maratha up and running.”

“because most of them are, say, brownfield expansion and therefore, the risk on the construction also substantially comes down.”

“So Pinakin, honestly, for example, if you ask me, this is like a completely self-sustainable capex program.”

“So Penna, for example, and Sanghi, let us say closer to about, say, 50% ballpark.”

“In terms of WHRS, for example, 18 megawatt coming up in Sanghi in Q3 and some of the AFR.”

“In Q2, it has been a little low around, say, 61%, 62%.”

“But maybe 2-3 million here and there, you can consider that in the fragment.”

“Okay. Because in terms of like clinker, I have 69 million tons of capacity. And in terms of the clinker ratio, it is around 66%.”

“Our ready-mix concrete business achieved quarterly volume of 1.07 million cubic meters, up 19% Y-on-Y with current network of almost 125 plants. We expect the pace of growth in the ready-mix concrete business to accelerate in the coming quarters.”

“Value focus has augured well as trade volume has grown 8.6% Y-on-Y and trade share percentage has increased by 6% to 74%.”

“Premium product is now at 37% of the overall trade sales compared to 35% last year. Share of blended cement has improved from 77% to 82%.”

“Across regions, North led on EBITDA and total volume growth in terms of Y-on-Y with trade volumes increased 13% Y-on-Y.”

“West recorded 14% trade volume growth and most resilient overall EBITDA performance across the regions.”

“At the same time, structural demand remains supported by infrastructure spending, urbanization, rural housing and industrial activity.”

“many of the governments now are actually promoting blended cement. They're actually promoting green cement. In fact, I have the opportunity to take the leadership in terms of green cement.”

“Price has sustained at INR255 per bag in otherwise a leaner monsoon quarter. Meanwhile, we have seen a good traction this month where we already have realized INR10 per bag.”

“Green power share stood at 61%, while the net power cost was INR4.8 per unit compared with this INR6 per unit in Q2 of FY26 and INR4.3 per unit in Q1 of FY27.”

“We expect the share of renewable power consumption to increase in the second half, further supporting in terms of lower power costs.”

“Logistics costs were moderately higher year-on-year due to higher diesel costs, which has been partly offset by the reduction in the primary lead from 265 kilometer to 254 kilometer.”

“Higher utilization of the BCFC infrastructure for the fly ash movement is expected to support further cost reduction of raw materials in the coming quarters.”

“Better receivables and inventory management has helped to improve the business working capital cycle by 10 days, which is expected to sustain and help to further improve profitability in the coming quarters.”

“Cash and cash equivalents of INR1,070 crores. We continue to remain debt-free with highest rating of AAA long-term and short-term A1+, which provides enough financial strength to support our expansion program.”

“You point would have been about the ICD of ACC that is anyways now with the merger and all, and that is also carrying at 8% interest rate.”

“So the balance sheet is strong, with INR72,000 crores of net worth, we have enough ammunition and power to actually sustain this growth.”

“But for any specific reasons of any interim requirement of any funds, I think balance sheet is strong enough to handle that part, and which will be purely an interim kind of a line.”

“Subject to the requisite regulatory, statutory and NCLT approvals, we expect completion of the mergers within this financial year.”

“In addition, to simplify the corporate structure, the proposed merger is expected to be earnings per share accretive.”

“Following strong shareholder support, the proposed merger of ACC and Orient Cement with Ambuja Cement will now proceed to NCLT for the final approvals.”

“This brings us closer to the One Cement platform, which is expected to simplify the corporate structure, unlock operating synergies and support long-term stakeholder value.”

“So we will be substantially well-covered, and I have the opportunity to also sell this fly ash, and I have the opportunity to also move into value-added products with respect to fly ash.”

“The total cost stood at INR4,410 per metric ton. However, if I exclude the impact of geopolitical conflict, it comes to around INR4,182 per ton on a normalized basis.”

“And therefore, this is like coming out as part of this merger, when I said it is EPS accretive, one of the component is efficient tax.”

“Looking ahead, the near-term conditions remains challenging amid the geopolitical conflicts, global uncertainties and the higher energy costs with weaker monsoon as well.”

“Operating conditions remain challenging with the geopolitical conflicts, monsoon-related headwinds, higher energy costs, global uncertainty and the constraints in domestic coal availability.”

“And you are right, the states have actually declared drought. So obviously, there will be repercussion of that and maybe with some lag.”

“So at least now Q3 and Q4, you will pass through, but I'm told that some of the states will also may moderate the construction cycle and all. We'll see through that. I think -- but as of now, we haven't faced that problem.”

“The key highlights, cement sales volume of 16.5 million metric ton, revenue from operations of INR9,197 crores”

“EBITDA of INR1,271 crores, EBITDA margin of almost 14%, EBITDA per metric ton of INR770, PAT of INR236 crores, net worth of INR72,238 crores.”

“Plant shutdowns have been successfully completed for major plants. This will help to achieve volume growth ahead of the industry in H2 FY27, supported by accelerated trade volumes and calibrated institutional sales.”

“I think we have been very clearly highlighting we are not going to lose market share. We will focus on market share, but in a very calibrated manner of value focus.”

“Mostly, yes. In fact, when it comes to Northeast, you will have a little higher degree of incentives, and so is when it comes to UP.”