19 July 2014
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UltraTech Cement Limited, an Aditya Birla Group company, today announced its unaudited financial results for the quarter ended 30 June 2014.
Net sales stood at Rs.5,649 crore as compared to Rs.4,959 crore in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax is Rs.1,264 crore and Profit after Tax is Rs.626 crore vis-a-vis Rs.1,237 crore and Rs.673 crore respectively, in the corresponding period of the previous year.
The combined cement and clinker sales was 11.70 MnT (10.08 MnT) while it was 2.57 LmT (2.50 LmT) for white cement and wall care putty.
During the quarter, domestic cement sales volume improved by 14 per cent over the corresponding period in FY14. However, prices continued to remain under pressure. Variable cost increased by 3 per cent mainly on account of increase in prices of petcoke and input material.
On a consolidated basis, net sales stood at Rs.5,989 crore as compared to Rs.5,272 crore in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax is Rs.1,296 crore and Profit after Tax is Rs.628 crore vis-a-vis Rs.1,268 crore and Rs.669 crore respectively, in the corresponding period of the previous year.
During the quarter, the company completed the acquisition of the Gujarat units of Jaypee Cement Corporation Limited comprising an integrated unit at Sewagram and a grinding unit at Wanakbori with a combined capacity of 4.8 mtpa. With this acquisition the cement capacity of the company stands at 58.8 mtpa in India.
The company’s on-going capex are on track. During the quarter, the company commissioned a 25MW thermal power plant at Rajashree Cement, Karnataka and a 6.5 MW Waste Heat Recovery system at Awarpur, Maharashtra. With this the total power capacity of the company (including WHRS) stands at 709 MW. This caters to around 80 per cent of the company’s power requirement.
Cement demand is slated to grow around 7-8 per cent, with expected double digit growth in the second half of the current fiscal. The key value drivers will be renewed government focus on housing and infrastructure spending.
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