Ultratech Cement declares glittering Q1FY17 results

Ultratech Cement (UCL) hs declared its Q1FY17 results on July 19. The company’s revenue has increased by 2.45 per cent to Rs 6590 crore in Q1FY17 as compared to same period in previous financial year. Its EBITDA also has risen by 22.81 per cent to Rs 1475 crore in Q1FY17 on a yearly basis. UCL’s EBITDA margin has expanded by 371 basis points to 22.38 per cent in Q1FY17 as compared to same period in previous financial year. The company’s net profit has increased by 31.97 per cent to Rs 780 crore in Q1FY17 as compared to same period in previous financial year. The company’s net profit margin has expanded by 265 basis points to 11.84 per cent in Q1FY17 on a yearly basis.

UCL’s net debt to equity stands at 0.09 as of Q1FY17 against 0.19 as of Q4FY16. The company’s ROCE is at 14.9 per cent and book value stands at Rs 828 per share as of Q1FY17.

UCL has rural market penetration of 40 per cent with a growth of 1.5 per cent in Q1FY17 on a yearly basis. The company’s average realisation  has declined by 2 per cent to 4683/t in Q1FY17.

The share price of UCL has increased by 0.18 per cent on bourses; and closed at 3505.9 on an intraday basis.

UCL is engaged in the business of cement and cement related products. The company manufactures a range of products that cater to construction needs, white cement and white cement based products, ready mix concrete, building products and jointing mortars, as well as a host of others in retail formats. It has around 12 integrated cement units, 12 grinding units, one white cement unit, five bulk terminals and over 100 ready mix concrete units. UCL has presence in the United Arab Emirates (UAE), Sri Lanka, Bahrain and Bangladesh.