UltraTech Cement announces positive results for September quarter

UltraTech Cement has announced cement and clinker sales of 11.51 million t for the quarter ended 30 September, up from 11.17 million t in the same period of the previous year in its unaudited results. Net sales were Rs.5951 crore, up from Rs.5721 crore, while profit before interest, depreciation and tax rose to Rs.1103 crore.

Domestic sales volumes for the Aditya Birla-owned company increased by 5% y/y and lower energy costs contributed to reduced operating costs, though this was partially offset by a levy owed to the Mines and Minerals (Development) Amendment Act, 2015.

During the quarter, UltraTech Cement commissioned a 1.6 million tpy grinding plant at Jhajjar, Haryana, and one in Dankuni, West Bengal. The company’s cement capacity in India stands at 64.7 million tpy. With the addition of a 5 MW waste heat recovery system at Rawan in Chhattisgarh, the company’s total power generation capacity from waste heat stands at 53 MW. The company also commissioned a 2 million tpy bulk terminal on the outskirts of Pune, Maharashtra.

Adapted from press release by Katherine Guenioui

Read the article online at: https://www.worldcement.com/asia-pacific-rim/20102015/ultratech-cement-announces-positive-results-for-september-quarter-803/