ACC Q2 FY27 Results: Share Falls 1.34% Before Update

ACC Ltd is scheduled to report its financial results for the quarter and half-year ended September 30, 2026, on October 27. The company’s board will meet to consider and approve the unaudited results. Ahead of the announcement, ACC shares fell 1.34% on the BSE, placing the cement maker among the companies being watched during the July-September earnings cycle.

ACC share price ahead of earnings

At around 11:09 am, ACC was trading at Rs 1,151.70 on the BSE. The stock was down Rs 15.60, or 1.34%, from its previous level. The move came before the company’s scheduled Q2 FY27 earnings announcement, rather than after a reported quarterly outcome.

The available information does not state a specific reason for the intraday decline. Investors will therefore look to the company’s reported volume, realisation, cost and margin figures for the September quarter. ACC manufactures and sells cement and ready-mix concrete in India.

Board meeting scheduled for October 27

ACC has announced that its board of directors will convene on October 27, 2026. The agenda is to consider and approve unaudited financial results for the quarter and half-year ended September 30, 2026. The date is also listed as the company’s upcoming earnings date for Q2 FY26-27.

The announcement places ACC in a busy day for corporate earnings. Other companies due to report July-September quarter numbers include L&T, Bajaj Auto, Maruti Suzuki, Cipla, Waaree Energies, Vedanta Iron and Steel, Mazagon Dock Shipbuilders and Steel Authority of India.

What ACC reported in the previous quarter

The supplied quarterly data for ACC’s Q1 FY26-27 lists revenue of Rs 5,808 crore, gross profit of Rs 196 crore and net profit of Rs 145 crore. On a sequential basis, the figures showed revenue down 18.73%, gross profit down 43.52% and net profit down 38.52%. Year-on-year changes listed were declines of 4.59% in revenue, 62.55% in gross profit and 61.21% in net profit.

Separately, ACC’s Q1 FY27 commentary said it reported revenue of Rs 9,500 crore and expanded its EBITDA margin by 331 basis points to 16.7%. That update attributed the margin improvement to a sequential Rs 206 per tonne reduction in net operating cost. The supplied material presents these different Q1 revenue references without a reconciliation.

Trade mix and operating-cost focus

ACC said its strategy in Q1 FY27 focused on value over volume. It stated that year-on-year volume declined, particularly in non-trade sales, while the trade-sales share improved to 78%. This mix will be relevant when the company releases its September-quarter numbers.

The company also highlighted its effort to lower operating costs. Its reported reduction in net operating cost in the first quarter supported the stated margin expansion. Cement producers typically track energy, freight and other operating costs closely because they can influence profitability even when sales volumes change.

Capacity plan remains a key operating metric

ACC has said its capacity expansion programme remains on track, with a target of 119 million tonnes by FY27. The company has also linked green-energy initiatives to lower power costs. The Q2 update may provide an indication of the progress of these operational plans, although no new capacity commissioning data was provided before the result announcement.

The ready-mix concrete business is another part of ACC’s operating footprint. In its Q2 FY26 update, the company said it had added 28 plants year-on-year, taking its network to 116 plants across 45 cities. It reported concrete volume of 0.90 million cubic metres, up 49% year-on-year, and revenue of Rs 454 crore, up 57% year-on-year.

Comparison with last year’s September quarter

ACC’s Q2 FY26 performance provides the nearest disclosed September-quarter comparison in the supplied information. The company reported revenue of Rs 5,932 crore, up 28% year-on-year, and EBITDA of Rs 846 crore, up 94% year-on-year. EBITDA per metric tonne was Rs 849, while the EBITDA margin was 14.3%, up 4.8 percentage points year-on-year.

The company also reported profit after tax of Rs 1,119 crore for Q2 FY26, up 460% year-on-year. Quarterly sales volume reached 10.0 million tonnes, its highest-ever volume in a Q2 series, and was up 16% year-on-year. EPS was Rs 59.4, an increase of Rs 48.8 year-on-year.

Key disclosed ACC financial and operating data

Consensus estimates for FY27

The consensus EPS estimate for fiscal 2027 has been revised down to Rs 52.26 from Rs 61.46 per share. The revenue forecast was stated to be steady at Rs 258.6 billion, equivalent to Rs 25,860 crore. The same outlook projected net income to decline 30% in the next year, compared with a 14% growth forecast for India’s basic materials industry.

The consensus price target was broadly unchanged at Rs 1,512. These estimates are market expectations rather than ACC’s reported financial results or guidance. The company’s October 27 release will provide the next formal financial update for investors assessing those estimates.

Why the Q2 release matters for investors

ACC’s September-quarter release will show whether the operational themes outlined in the first quarter continued into Q2. Relevant disclosed reference points include the trade-sales share, cost-reduction effort, EBITDA margin, capacity plan and ready-mix concrete network. The results will also be compared with the strong Q2 FY26 base, when ACC reported record Q2-series volume and substantial growth in revenue and profit.

The stock’s 1.34% decline before the announcement shows that the market was awaiting the earnings update. But the available information does not establish a direct link between the price movement and any specific financial factor. The board’s October 27 decision on the unaudited quarter and half-year results is the confirmed next event.

Outlook after the board meeting

ACC is due to release its Q2 FY27 financial results after the board considers them on October 27, 2026. Investors will have updated reported figures for revenue, profitability, volumes and operating costs for the July-September period. Commentary on the 119 million tonne FY27 capacity target and green-energy initiatives will also remain relevant to the company’s operating plan.

Until the results are released, the available facts are limited to the scheduled board meeting, the pre-result share-price decline and previously disclosed performance metrics. The earnings announcement will provide the confirmed basis for assessing ACC’s September-quarter performance.