From Cement to Community: ACC’s Journey of Impact and Growth
Newzdaddy Business Updates
ACC’s Record-breaking Financial Performance
ACC Limited, a prominent player in India’s cement and building materials industry, has achieved remarkable financial milestones in the fiscal year ending March 31, 2024. The company’s Profit After Tax (PAT) surged to a lifetime high, reaching Rs. 2,337 Crores, marking an astounding 378% increase Year-on-Year (YoY). This impressive growth is attributed to various factors, including a significant uptick in sales volume and operational efficiency enhancements.
Breaking Down ACC’s Financial Triumphs
In the fourth quarter of FY’24, ACC witnessed a substantial rise in its Operating EBITDA, soaring by 79% to Rs. 837 Crores. Moreover, the company boasts a healthy cash reserve, with cash and cash equivalents amounting to Rs. 4,667 Crores, ensuring financial stability and agility in pursuing strategic initiatives.
Driving Growth Through Efficiency
ACC’s operational highlights underscore its commitment to excellence across various parameters. With a notable 23.5% increase in sales volume, the company has experienced robust revenue growth of 13% YoY. Additionally, its Kiln Fuel Cost has witnessed a significant decline, attributed to strategic measures such as fuel basket optimization and increased utilization of alternative fuels.
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Paving the Way for a Greener Future
Embracing sustainable practices, ACC has made substantial strides in reducing its environmental footprint. The company’s utilization of Waste Heat Recovery Systems (WHRS) has seen a notable uptick, contributing to 8.6% of total power consumption. Furthermore, ongoing initiatives aim to achieve 60% green power by 2028, aligning with the company’s commitment to environmental stewardship.
Strengthening ACC’s Market Position
ACC’s financial performance reflects a robust growth trajectory, with significant improvements across all key financial metrics. Revenue growth stands at 13%, accompanied by a remarkable 79% increase in Operating EBITDA. Furthermore, the company’s prudent financial management is evidenced by its strong cash flow generation and healthy working capital position.
Empowering Communities and Driving Social Impact
Beyond financial success, ACC remains deeply committed to its stakeholders and communities. Through Corporate Social Responsibility (CSR) initiatives, the company has positively impacted over 1.4 million lives, focusing on areas such as water management, sustainable livelihoods, and social inclusion schemes. Moreover, ACC’s dedication to environmental sustainability is evident through its achievement of 7x plastic negativity and ambitious tree plantation goals.
ACC’s Journey of Resonance and Recognition
ACC’s brand narrative revolves around trust, reliability, and social responsibility. Through impactful campaigns such as “Bharosa Atoot” and strategic partnerships in sports leagues, the company reinforces its position as a trusted builder and community enabler. Additionally, accolades such as being named ‘India’s Most Trusted Cement Brand’ underscore ACC’s commitment to excellence and customer-centricity.