ACC (ACC) Q4 24/25 earnings summary

Executive summary

• Achieved over 100 million tons cement capacity through major acquisitions and expansions, becoming the ninth largest globally in 13 months, with a target of 140 million tons by FY2028.

• Record quarterly and annual volumes, with Q4 volume up 13% YoY to 18.7 MnT and FY25 volume up 10% YoY to 65.2 MnT.

• Leadership realignment, new CEO and CFO, and digital transformation initiatives implemented.

• Strong focus on ESG, net-zero targets validated, and significant renewable energy investments underway.

• Audited standalone and consolidated results for FY25 approved, with an unmodified auditor opinion and a recommended dividend of ₹7.50 per share.

Financial highlights

• Q4 FY25 revenue at INR 9,889 crore, up 11% YoY; annual revenue at INR 35,045 crore, highest ever.

• Q4 EBITDA at INR 1,868 crore (19% margin, INR 1,001/ton); FY25 EBITDA at INR 5,971 crore.

• Q4 PAT at INR 1,282 crore, down 16% YoY; FY25 PAT at INR 5,158 crore, up 9% YoY.

• Standalone revenue for FY25 was ₹20,709.78 crore; consolidated revenue at ₹20,789.10 crore.

• Cash and cash equivalents at INR 10,125 crore as of March 31, 2025.

Outlook and guidance

• Targeting 118 million tons capacity by FY26 and 140 million tons by FY28, with clear project blueprints and cost reduction roadmap to achieve INR 3,650/ton by FY28.

• Premium product share targeted to reach 35% by FY26, up from current 29%.

• Focus on cost leadership, digital transformation, and increasing green power share to 60% by FY28.

• Industry demand expected to grow 8% in FY26, outpacing supply growth.

• Expansion supported by internal accruals and cash flows, with no new debt.