ACC Limited submitted a media release detailing its financial and operational performance for Q2 FY27 ended September 30, 2026, filed pursuant to regulatory requirements.

Financial Performance

Q2 FY27 Consolidated Results:

  • Cement sales volume: 9.7 million tonnes
  • Revenue from operations: Rs 5,689 crore
  • Operating EBITDA: Rs 401 crore with margin of 7.0%
  • EBITDA per tonne: Rs 414
  • Profit After Tax: Rs 93 crore
  • Diluted EPS: Rs 4.9

Half Year FY27 Performance:

  • H1 cement sales volume: 19.72 million tonnes
  • H1 revenue from operations: Rs 11,497 crore
  • H1 Operating EBITDA: Rs 858 crore with margin of 7.5%
  • H1 Profit After Tax: Rs 240 crore
  • H1 Diluted EPS: Rs 12.8

Comparative Performance:

  • Q2 FY26 cement sales volume: 10.0 million tonnes
  • Q2 FY26 revenue: Rs 6,005 crore
  • Q2 FY26 Operating EBITDA: Rs 846 crore with margin of 14.1%
  • Q2 FY26 Profit After Tax: Rs 1,119 crore (includes income tax provision reversal of Rs 659 crore relating to earlier period and interest on income tax refund of Rs 205 crore)
  • Q2 FY26 Diluted EPS: Rs 59.5

Operational Metrics

Sales Mix Improvements:

  • Trade share increased by 7 percentage points YoY to 78%
  • Premium products accounted for 47% of trade sales, up 3 percentage points QoQ
  • Blended cement share improved to 85% from 78% in Q2 FY26

Cost Metrics:

  • Kiln Fuel Cost: Rs 1.81 per 1,000 kCal (vs Rs 1.57 in Q2 FY26, Rs 1.67 in Q1 FY27)
  • Power Cost (Gross): Rs 5.84 per kWh (vs Rs 5.95 in Q2 FY26, Rs 5.60 in Q1 FY27)
  • Green Power share: 34.4% (vs 30.3% in Q2 FY26)
  • Primary Lead: 266 kms (vs 269 kms in Q2 FY26, 254 kms in Q1 FY27)
  • Direct Dispatch: 52% (consistent with previous periods)

Capacity Expansion

Commissioned 3.4 MTPA of additional cement capacity during Q2 FY27:

  • 2.4 MTPA greenfield cement grinding unit at Salai Banwa, Uttar Pradesh
  • 1.0 MTPA additional capacity at Kalamboli, Maharashtra through subsidiary Bulk Cement Corporation (India) Limited (3.0 MTPA cement blending unit)

Ready-Mix Concrete Business

  • Q2 FY27 volume: 1.07 million m³, registering 19% YoY growth
  • H1 FY27 volume: 2.04 million m³, increase of 18% YoY

One Cement Platform Update

ACC shareholders approved the proposed amalgamation with Ambuja Cements at the NCLT-convened meeting on September 29, 2026:

  • Over 95% of votes cast by ACC shareholders in favor
  • Over 99% of votes cast by Ambuja shareholders in favor
  • The Scheme secured statutory majority and requisite public-shareholder approval
  • Proceeding to NCLT for final sanction
  • Expected completion during FY27, subject to regulatory, statutory and NCLT approvals

Balance Sheet Strength

  • Debt-free balance sheet
  • Net worth: Rs 20,680 crore
  • Cash & cash equivalents: Rs 578 crore
  • Maintains highest AAA / A1+ credit ratings from CRISIL

ESG Updates

  • S&P Global Corporate Sustainability Assessment (CSA) Net Score revised upward from 72 to 82
  • Gross Score remained at industry-leading 89/100
  • Blended cement portfolio received GreenPro certification and GRIHA certification
  • Water-positive status of 5.46x in Q2
  • Zero Liquid Discharge across all manufacturing facilities with 100% waste-water treatment and reuse

Industry Outlook

Q2 FY27 was marked by geopolitical uncertainties, monsoon impact, seasonal shutdowns and elevated energy costs amid global uncertainties and constraints in domestic coal availability. Central Government capex increased 18% YoY to Rs 5.1 lakh crore during Apr–Aug FY'27, compared with Rs 4.3 lakh crore in the corresponding period last year.

Management Commentary

Mr. Vinod Bahety, Whole-time Director and CEO, ACC Limited, stated: "We delivered a resilient performance in Q2 and H1 FY'27, supported by an improving sales mix and higher premium volumes. While the reported numbers are not strictly comparable due to the impact of MSA, the underlying business momentum remains encouraging, supported by our trade partners."