ACC Ltd – Q4 FY26 Results

key financial highlights

• Revenue from Operations:
  • Revenue (Q4 FY26): ₹7,198.52 Cr
    • QoQ Change: +10.06%
    • YoY Change: +14.11%
  • Previous Quarter (Q3 FY26): ₹6,540.55 Cr
  • Previous Year (Q4 FY25): ₹6,308.43 Cr
• Profit After Tax (PAT):
  • PAT (Q4 FY26): ₹238.30 Cr
    • QoQ Change: -40.05%
    • YoY Change: -68.27%
  • Previous Quarter (Q3 FY26): ₹404.25 Cr
  • Previous Year (Q4 FY25): ₹751.04 Cr
• QoQ Performance
  • Revenue Trend: Growth
  • Profit Trend: Sharp Decline

Margin Analysis

Drivers:

• Significant increase in power & fuel costs
• Higher freight and logistics expenses
• Increase in raw material consumption cost

Insight:

• Operating margins compressed sharply → cost inflation impacting profitability

Segment performance

Segments:

• Cement & Ancillary Services
• Ready Mix Concrete

Performance Summary:

• Cement remains dominant contributor
• Ready Mix segment growing but still smaller in scale
• Segment profits declined due to cost pressures

Segment insight

Summary:

• ACC operates as a pure-play cement manufacturer, heavily dependent on infrastructure and construction demand.

Characteristics:

• Cyclical industry (linked to infra and real estate)
• High operating leverage
• Sensitive to fuel & logistics costs

Earning quality check

Drivers:

• Core operations under pressure
• No major dependence on other income
• Decline driven by operational inefficiencies, not accounting adjustments

Interpretations:

• Earnings quality is moderate, but current decline is structural cost-driven

balance sheet Analysis

• Total Assets: ₹27,525.26 Cr
• Total Liabilities: ₹6,970.77 Cr

Insight:

• Strong equity base (~₹20,554 Cr)
• Low leverage → financially stable
• Cash balance declined significantly

key risks

• Fuel cost volatility (coal, petcoke)
• Weak cement pricing environment
• High logistics cost exposure
• Cyclical infrastructure demand

management strategy signals

Focus Area:

• Cost optimization initiatives
• Capacity expansion
• Integration within Adani Group ecosystem

Financial metrics table

Quarterly Performance Context