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  4. UltraTech reports on strong second quarter

UltraTech reports on strong second quarter

Published by , Editor - Hydrocarbon Engineering
World Cement,

UltraTech Cement Limited, an Aditya Birla Group Company, has announced its unaudited financial results for the quarter ended 30 September 2014 (2Q15).

Financial highlights

  • Net sales stood at Rs.5382 crore, as compared to Rs.4503 crore in the corresponding period in 2014. Profit before interest, depreciation and tax was Rs.951 crore and profit after tax totalled Rs.410 crore (compared to Rs.717 crore and Rs.264 crore recorded in 2Q14).
  • Combined cement and clinker sales stood at 10.35 million t (9.22 million t), while sales of white cement and wall care putty reached 3.02 LmT (2.94 LmT).
  • During the quarter, the domestic cement sales volume increased by 11% as a result of higher demand and additional volume from the acquired units in Gujarat. Costs were impacted mainly on account of increase in the prices of petcoke, input material and royalty on limestone.
  • On a consolidated basis, net sales stood at Rs.5723 crore as compared to Rs.4849 crore in the corresponding period of the previous year. Profit before interest, depreciation and tax reached Rs.987 crore and profit after tax totalled Rs.416 crore (compared to Rs.773 crore and Rs.283 crore, respectively).

Capex

The company’s ongoing capex is on track. UltraTech commissioned a 1.4 million t cement mill at Rajashree Cement, Karnataka, and a 25 MW thermal power plant at Tadipatri, Andhra Pradesh. With this, the company’s total cement capacity in India stands at 60.2 million t and the total power capacity (including WHRS) totals 733 MW. This caters to around 80% of the company’s power requirements.

Outlook

Cement demand is predicted to grow over 8%. The key value drivers will be renewed government focus on housing and infrastructure spending.

Click here to access the full statement of consolidated unaudited results for the quarter and six months ended 30 September 2014.


Adapted from press release by Rosalie Starling

Read the article online at: https://www.worldcement.com/asia-pacific-rim/20102014/ultratech-reports-on-strong-second-quarter-695/

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