ACC Limited Earnings Summary — Q4 FY2026

• Quarterly revenue grew 16.8% YoY to ₹7,146 crores, reflecting volume growth under the new management regime.
• Operating Profit Margin (OPM) deteriorated to 9%, down from 14% a year prior, due to rising expenses.
• Net Profit fell sharply by 68% YoY to ₹238 crores as operational costs and depreciation outweighed sales growth.
• Debtor days witnessed a significant increase from 29 to 54, indicating more aggressive credit terms to drive volumes.
• The company maintains a strong balance sheet with negligible debt relative to its ₹20,363 crore reserve base.
• Recent cash flow has been constrained by heavy capital expenditure, resulting in negative Free Cash Flow.
• Tax expense volatility continues to impact the bottom line, with a 36% tax rate in the latest quarter vs -47% in Sep 2025.

Management is prioritizing 'Operational Excellence' and aggressive expansion through synergies within the Adani cement ecosystem, focusing on premiumization and logistics optimization.

Deteriorating

While revenue is expanding, the sharp compression in margins and significant drop in net profit suggest rising input costs and competitive pricing pressures are hurting the bottom line.

The outlook is focused on capacity growth and internal efficiencies. Success depends on recalibrating the EBIT per tonne through 'green' cement initiatives and Adani-led logistics synergies to offset current margin erosion.