UltraTech Cement quarterly results impress: Q4FY16 profits up by 32 per cent

UltraTech Cement has declared its Q4FY16 results, and has certainly outperformed industry estimates.  Consolidated Net Income from operation has increased by 12 per cent and stands at Rs 6920.1 crore, as compared to 6187.91 crore for the previous quarter. EBITDA margin has also been positive, wherein EBITDA has increased by 21 per cent and stands at Rs 1439.6 crore as compared to 1192.2 crore for the previous quarter. Consolidated net profits have increased by 32 per cent and stand at Rs 723.03 crore.

On a YoY basis the Net Income from operation stands at Rs 25551.81 crore and has seen an increase of 5 per cent. EBITDA margin has also increased, wherein EBITDA stands at Rs 4890.63 crore and has seen an increase of 11 per cent as compared to the previous year.Net profit on a YoY basis stands at Rs 2288.18 crore and has seen a surge of 9 per cent as compared to the previous year, wherein the Consolidated Net profit was reported at Rs 2102.11 crore.

With the real estate sector plunging, the results of UltraTech cement are indicating a different trend. Currently the cement sector is facing challenges of oversupply, which have resulted in the low prices of cements. Overall, the financial year has seen a stagnant growth for the Cement Industry. With such a trend actually prevailing in the Indian market, UltraTech Cement has been successful in turning the numbers on their side. The shares on the bourses were trading at Rs 3280, which is up by 3 per cent on the verge of positive results.

UltraTech Cement Ltd. is an Indian cement company that belongs to Aditya Birla Group. The company manufactures and markets Ordinary Portland Cement, Portland Blast Furnace Slag Cement and Portland Pozzalana Cement. It also manufactures Ready Mix Concrete (RMC). The company has 11 integrated plants.