ACC Limited is among India’s leading manufacturers of cement. Formerly called “The Associated Cement Companies Limited,” ACC
has a countrywide network of modern cement plants, sales offices, dealers and retailers. In over 75 years of its existence, ACC has been a
pioneer and trend-setter in cement and sustainable development.
For more information about this release, call Corporate Communications, at +91 22 33024524, email: email@example.com
ACC Limited, Cement House, 121, Maharshi Karve Road, Mumbai – 400020, India. Website: http://www.acclimited.com
Consolidated Results for Third Quarter (July-September) 2014
Sales Volume –
5.62 5.54 18.44 18.08
Sales Turnover ` Crore 2741.87 2505.44 8718.00 8201.79
Operating EBITDA ` Crore 379.08 286.56 1256.28 1268.22
Profit before Tax ` Crore 257.98 167.78 979.61 976.41
Net Profit after Tax ` Crore 192.60 118.90 835.60 818.96
Sales volume of cement in the third quarter (July-September 2014) was maintained.
Total consolidated sales turnover during the quarter was ` 2741.87 crores, up 9 per cent as
compared to the corresponding quarter of last year.
Operating EBITDA rose to ` 379.08 crores against ` 286.56 crores in same period of the previous
year. Profitability during the quarter showed an improvement as a result of our customer excellence
programme and better cost management, particularly with regard to distribution costs & optimized
sourcing of inputs and improved realizations.
ACC Mineral Resources Limited (AMRL), a wholly owned subsidiary of the Company, had participated
in four Joint Ventures (JV) with the Madhya Pradesh State Mining Corporation Limited (MPSMCL) for
development and mining of four coal blocks allocated to MPSMCL. The Company had applied for the
development and mining operations through a competitive bidding process, consequent to which the
JVs were effected, in which AMRL and MPSMCL hold 49% and 51% shares respectively. The Hon’ble
Supreme Court, vide its decision of September 24, 2014, held that allocation of various coal blocks,
including those allocated to MPSMCL, is arbitrary and illegal, and hence liable to be cancelled.
Subsequently, the Government promulgated The Coal Mines (Special Provisions) Ordinance, 2014,
which intends to take appropriate action to deal with the situation arising pursuant to the Hon’ble
Supreme Court’s decision. The management, based on its contractual rights under its JV
agreements, its interpretation of the Ordinance and on the basis of legal advice, believes that the
financial loss or operational impact, if any, will not be significant.
With prospects of the economy gradually picking up, the infrastructure, housing and construction
sectors are expected to register growth in the near term which will have a positive impact on
demand for cement.
R Nand Kumar
Vice President – Corporate Communications
Mumbai. October 30, 2014