18 July 2017
UltraTech Cement Limited, an Aditya Birla Group company, today announced its unaudited financial results for the quarter ended 30 June 2017. The results include those of the cement plants of Jaiprakash Associates Limited (JAL) and Jaypee Cement Corporation Limited (JCCL) acquired in terms of a Scheme of Arrangement which is effective from 29 June 2017.
FinancialsNet sales stood at Rs.6,938 crore as compared to Rs.6,535 crore in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax at Rs.1,798 crore was higher by 11 per cent as compared to Rs.1,626 crore in the corresponding period of the previous year. Profit after Tax rose 15 per cent from Rs.780 crore to Rs.897 crore in Q1FY18.
This quarter also witnessed increasing cost trends, primarily attributable to energy and logistics cost on account of increase in fuel prices.
On a standalone basis, net sales stood at Rs.6,533 crore as compared to Rs.6,179 crore in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax was Rs.1,725 crore (Rs.1,573 crore) and Profit after Tax was Rs.891 crore (Rs.775 crore).
Corporate DevelopmentThe company completed the acquisition of the cement plants of Jaiprakash Associates Limited and Jaypee Cement Corporation Limited located in the States of Madhya Pradesh, Uttar Pradesh, Himachal Pradesh, Uttarakhand and Andhra Pradesh with a capacity of 21.2 million tonnes. With this acquisition the cement capacity of the company stands at 93 MTPA.
OutlookGovernment spending on infrastructure, rural and affordable housing will be the key demand drivers. UltraTech is well positioned across the country to cater to the demand.
Dr. Pragnya RamGroup Executive President, Corporate Communications & CSRAditya Birla Management Corporation Private LimitedAditya Birla Centre, 1st Floor, 'C' WingS.K. Ahire Marg, WorliMumbai 400 030.
91-22-6652 5000 /2499 5000
Fax: 91-22-6652 5741/ 42