ACC rating – Buy: Muted show in Q1CY22 along expected lines

ACC rating – Buy: Muted show in Q1CY22 along expected lines

Q1CY22 was a muted quarter for ACC (Ebitda plunging 26% y-o-y; though up 14% q-o-q). However, most of this is priced in in our view given Ebitda broadly matched Street’s and our expectation. In the wake of sharp price hikes across regions – to pass on industry-wide impact of surging fuel prices – we see […]