UltraTech Cement records positive quarterly results
UltraTech Cement has released its unaudited financial results for the last quarter ending 30 June. Net sales reached Rs.5075 crores, up from Rs.4352 crores in the same period last year. Profit before interest, depreciation and tax increased from Rs.1252 crores to Rs.1377, while profit after tax grew to Rs.683 crores. UltraTech’s domestic cement and clinker sales reached 9.94 million t and white cement and putty sales rose to 2.25 million t.
The company reported higher variable costs due to increased energy and raw material prices, as well as a rise in railway freight charges and diesel.
Demand for cement is forecast to grow by more than 8% due to the government’s plans to develop infrastructure in the country.
Adapted from press release by Louise Fordham.
Read the article online at: https://www.worldcement.com/asia-pacific-rim/23072012/cement_ultratech_india_financial_results_1171/
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