ACC falls 5% to Rs 1,578 on lower-than-expected Q1 operating performance

The stock had a strong run-up in the past two months prior to results.

ACC shares dipped 5 per cent to Rs 1,578 on the National Stock Exchange (NSE) in the early morning trade on Wednesday after the company reported a lower-than-expected operating performance in the quarter ended March, 2019 or Q1CY19.

The company’s operating Ebitda (earnings before interest, tax, depreciation and amortization) grew 9 per cent year on year (YoY) at Rs 462 crore, againt analysts' expectation of Rs 639 crore, in Q1CY19. The low growth could be attributed to lower-than-expected improvement in realisation and absence of savings towards power & fuel and freight cost.

Ebitda margin remained flat at 13.8