{"id":12416,"date":"2022-10-18T10:32:31","date_gmt":"2022-10-18T05:02:31","guid":{"rendered":"https:\/\/univest.in\/blogs\/?p=12416"},"modified":"2022-10-18T11:24:50","modified_gmt":"2022-10-18T05:54:50","slug":"results-update-acc-and-pvr-results","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/results-update-acc-and-pvr-results\/","title":{"rendered":"Results update: ACC and PVR results declared on 17th October 2022"},"content":{"rendered":"<p>[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_spacing=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text css=&#8221;.vc_custom_1666072487624{margin-right: 10px !important;margin-left: 10px !important;}&#8221;]<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/results-update-acc-and-pvr-results\/#ACC_PVR\" title=\"ACC, PVR\">ACC, PVR<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/results-update-acc-and-pvr-results\/#Here_are_some_of_the_key_takeaways_from_the_results_ACC\" title=\"Here are some of the key takeaways from the results ACC\">Here are some of the key takeaways from the results ACC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/results-update-acc-and-pvr-results\/#Management_Speak\" title=\"Management Speak\">Management Speak<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/results-update-acc-and-pvr-results\/#Our_view\" title=\"Our view\">Our view<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/results-update-acc-and-pvr-results\/#PVR\" title=\"PVR\">PVR<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/results-update-acc-and-pvr-results\/#Management_Speak-2\" title=\"Management Speak\">Management Speak<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/results-update-acc-and-pvr-results\/#Our_View\" title=\"Our View\">Our View<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/results-update-acc-and-pvr-results\/#ABOUT_THE_AUTHOR\" title=\"ABOUT THE AUTHOR\">ABOUT THE AUTHOR<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"ACC_PVR\"><\/span>ACC, PVR<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Here_are_some_of_the_key_takeaways_from_the_results_ACC\"><\/span>Here are some of the key takeaways from the results ACC<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u2022 ACC recorded net sales of Rs 3,910 crore in Q2FY23 as compared to Rs 3,653 crore in Q2FY22<\/p>\n<p>\u2022 EBITDA for the quarter, stood at Rs 16 Crore largely due to a steep rise in fuel cost.<\/p>\n<p>\u2022 The company\u2019s standalone loss was Rs 91.1 crore in Q2FY23, compared with a profit of Rs 449 crore in Q2FY22<\/p>\n<p>\u2022 Total expense of ACC was at Rs 4,162.13 crore, up 29.88% from Rs 3,204.40 crore in Q2FY.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Management_Speak\"><\/span>Management Speak<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Commenting on the results, ACC CEO and Whole Time Director Sridhar Balakrishnan said:<br \/>\n&#8220;We have had significant cost pressures in the recent past due to steep fuel price rise.<br \/>\nHowever, the recent cooling off in energy costs will impact us positively in the coming<br \/>\nquarters.&#8221; The company has &#8220;aggressive growth plans&#8221; and its capacity expansion initiative<br \/>\nthrough new green field projects at Ametha, Madhya Pradesh is progressing well and is<br \/>\nexpected to be commissioned by March 2023, he added.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Our_view\"><\/span>Our view<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>ACC holds good long-term potential, especially after the takeover by the Adani Group. Though<br \/>\nthe results are below expectations, the demand for cement is only expected to increase with<br \/>\nrapid urbanization and infrastructure projects. From the third quarter or fourth quarter onwards,<br \/>\ninput costs should see a decline and operational efficiencies will possibly bring in higher<br \/>\nmargins in the cement business.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"PVR\"><\/span>PVR<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u2022 PVR reported a bigger-than-expected loss at Rs 71.23 crore in Q2FY23. This is a<br \/>\ndecline of 53% from Rs 153.13 crore posted in Q2FY22. However, a comparison may<br \/>\nnot be equal as Q2FY22 was impacted by Covid restrictions and the current quarter<br \/>\nwas fully open<\/p>\n<p>\u2022 PVR\u2019s revenue from operations was up at Rs 686.72 crore in Q2FY23 as against Rs<br \/>\n120.32 crore in Q2FY22<\/p>\n<p>\u2022 PVR&#8217;s total income was also up at Rs 703.13 crore in Q2FY23, as against Rs 275.21<br \/>\ncrore in Q2FY22<\/p>\n<p>\u2022 EBITDA for the quarter came at Rs 170 crore, as compared to Rs 86.8 crore for the<br \/>\ncorresponding quarter in FY22<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Management_Speak-2\"><\/span>Management Speak<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Mr. Ajay Bijli, Chairman cum Managing Director, PVR Ltd said. &#8220;We remain focused on driving admissions back to our cinemas. India&#8217;s love for movies was well demonstrated by the massive success of National Cinema Day: I am confident of full recovery in the business driven by the robust content lineup for this year and the various initiatives that we are implementing to rekindle the cinema-going habit amongst our loyal patrons.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Our_View\"><\/span>Our View<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>PVR is currently a weak stock. A lot depends on how the proposed merger with INOX pans out. We have also witnessed a change in audience preferences which did not give a great response to many recent releases from Hollywood and Bollywood. With a wide choice available via OTT platforms, multiplexes are likely to face challenges in drawing audiences in the near future.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"ABOUT_THE_AUTHOR\"><\/span>ABOUT THE AUTHOR<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Ketan Sonalkar (SEBI Rgn No INA000011255)<\/p>\n<p>Ketan Sonalkar is a certified SEBI registered investment advisor and head of research at\u00a0<a href=\"https:\/\/univest.in\/\">Univest<\/a>. He is one of the finest financial trainers, with a track record of having trained more than 2000 people in offline and online models. He serves as a consultant advisor to leading fintech and financial data firms. He has over 15 years of working experience in the finance field. He runs Advisory Services for Direct Equities and Personal Finance Transformation.<\/p>\n<p><em>Note \u2013 This channel is for educational and training purpose only &amp; any stock mentioned here should not be taken as a tip\/recommendation\/advice<\/em><\/p>\n<p><em>You may also like: <a href=\"https:\/\/univest.in\/blogs\/results-update-for-results-declared-on-15th-october-2022\/\">Results review: HDFC, LTI and DMart<\/a><\/em>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_spacing=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text css=&#8221;.vc_custom_1666072487624{margin-right: 10px !important;margin-left: 10px !important;}&#8221;] ACC, PVR Here are some of the key takeaways from the<\/p>\n","protected":false},"author":10,"featured_media":26918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-12416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market"],"metadata":{"_edit_lock":["1666159845:8"],"_edit_last":["8"],"_nectar_gallery_slider":["off"],"_nectar_quote_author":[""],"_nectar_quote":[""],"_nectar_link":[""],"_nectar_video_m4v":[""],"_nectar_video_ogv":[""],"_nectar_video_poster":[""],"_nectar_video_embed":[""],"_nectar_audio_mp3":[""],"_nectar_audio_ogg":[""],"_post_item_masonry_sizing":["regular"],"_nectar_header_bg":[""],"_nectar_header_parallax":["off"],"_nectar_header_bg_height":[""],"_nectar_page_header_bg_alignment":["top"],"_nectar_header_bg_color":[""],"_nectar_header_font_color":[""],"_wpb_vc_js_status":["false"],"_yoast_wpseo_content_score":["30"],"_yoast_wpseo_estimated-reading-time-minutes":[""],"_yoast_wpseo_wordproof_timestamp":[""],"_yoast_wpseo_primary_category":["24"],"nectar_blog_post_view_count":["212"],"_wpb_shortcodes_custom_css":[".vc_custom_1666072487624{margin-right: 10px !important;margin-left: 10px !important;}"],"rank_math_primary_category":["24"],"rank_math_news_sitemap_robots":["index"],"rank_math_robots":["a:1:{i:0;s:5:\"index\";}"],"rank_math_analytic_object_id":["200"],"post_views_count":["873"],"rank_math_internal_links_processed":["1"],"_thumbnail_id":["26918"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2024\/10\/18181943\/portfolio-6-2.jpg","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/12416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=12416"}],"version-history":[{"count":5,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/12416\/revisions"}],"predecessor-version":[{"id":12421,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/12416\/revisions\/12421"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/26918"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=12416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=12416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=12416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}