Q1FY18 Results : Ultratech Cement
DSIJ Intelligence / 18 Jul 2017
The company's total sales for Q1FY18 came in at Rs 7034.7 crore, which represents a 0.2 per cent sequential increase and 6.8 per cent YoY increase.
Ultratech Cement reported its results for the quarter ended June 30, 2017 on Tuesday.
The company's total sales for Q1FY18 came in at Rs 7034.7 crore, which represents a 0.2 per cent sequential increase and 6.8 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 1302.5 crore and its EBIT margin stood at 18.5 per cent.
The company reported PAT of Rs. 897.9 crore, which represents a sequential QoQ increase of 23.7 per cent and a YoY increase of 15.1 per cent.
This quarter witnessed increase in costs, primarily attributable to energy and logistics costs on account of increase in fuel prices.
The company has completed acquisition of cement business of J P Associates and JCCL (Jaypee Cement Corporation Limited) having capacity of 21.2MT.
The company expects the government spending on infrastructure, rural and affordable housing to be the key demand drivers.
UltraTech Cement is the largest manufacturer of grey cement, ready mix concrete (RMC) and white cement in India. It is also one of the leading cement producers globally. With the acquisition of JPA and JCCL, its total cement capacity has reached 93 MTPA.
The stock opened at Rs 4347.4 and touched an intra-day high of Rs 4451.05 on the BSE.
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