UltraTech Cement Ltd Q3FY17 results
Bhagyashree Vivarekar / 21 Jan 2017
The company reported a PAT figure of Rs. 563.42 crores which represents a sequential QoQ decline of 6.26 per cent and a YoY increase of 6.71 per cent.
UltraTech Cement Ltd. Ltd. reported its results today for the quarter ended December 31, 2016.
Total sales for this quarter, Q3FY17, came in at Rs. 6372.2 crores. This represents a 2.85 per cent sequential increase and 2 per cent YoY decline.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 797.84 crores and the EBIT margin stood at 12.52 per cent.
The company reported a PAT figure of Rs. 563.42 crores which represents a sequential QoQ decline of 6.26 per cent and a YoY increase of 6.71 per cent.
The company's stock which opened for trading at Rs. 255 on the BSE, has risen by 1.41 per cent after the results were declared and is currently trading around the Rs. 255 mark.
The company’s capacity will increase by 95 MTPA with the expansion and acquisition of the cement plants of Jaiprakash Associates Ltd.
UltraTech Cement Ltd is an Indian cement company belongs to Adithya Brila 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.
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