ACC Reports Positive Q1 Financial Results, PAT Grows by 70.9%

ACC, a leading cement company in the largecap industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, ACC has shown a positive performance in the quarter, with a score of 17 compared to 21 in the previous 3 months. This indicates a growth in the company's overall financial health.

One of the key factors contributing to this positive performance is the increase in Profit After Tax (PAT) for the quarter. At Rs 715.23 crore, the PAT has grown by 70.9% compared to the average PAT of the previous four quarters, which was Rs 418.61 crore. This shows a strong upward trend in the company's profitability.

Another positive aspect is the increase in Net Sales for the quarter, which is the highest in the last five quarters at Rs 5,408.72 crore. This indicates a growth in the company's revenue and a positive sales trend in the near term.

The Profit Before Tax less Other Income (PBT) has also shown a growth of 20.4% compared to the average PBT of the previous four quarters, which was Rs 444.94 crore. This further supports the positive financial performance of ACC in the quarter.

Overall, ACC has shown a strong financial performance in the quarter ending March 2024, with the highest PAT and EPS in the last five quarters. This indicates the company's ability to generate higher earnings for its shareholders.