18 October 2014
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UltraTech Cement Limited, an Aditya Birla Group company, today announced its unaudited financial results for the quarter ended 30 September 2014.
Net sales stood at Rs.5,382 crore as compared to Rs.4,503 crore in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax (PBIDT) is Rs.951 crore and Profit after Tax (PAT) is Rs.410 crore vis-a-vis Rs.717 crore and Rs.264 crore attained in Q2FY14.
The combined cement and clinker sales was 10.35 MnT (9.22 MnT) while it was 3.02 LmT (2.94 LmT) for white cement and wall care putty.
During the quarter, domestic cement sales volume increased by 11 per cent on the back of higher demand and additional volume from the acquired units in Gujarat. Costs were impacted mainly on account of increase in prices of petcoke, input material and royalty on limestone.
On a consolidated basis, net sales stood at Rs.5,723 crore as compared to Rs.4,849 crore in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax is Rs.987 crore and Profit after Tax is Rs.416 crore vis-a-vis Rs.773 crore and Rs.283 crore respectively.
The company’s on-going capex is on track. UltraTech commissioned a 1.4 MnT cement mill at Rajashree Cement, Karnataka and a 25 MW thermal power plant at Tadipatri, Andhra Pradesh. With this the company’s total cement capacity in India stands at 60.2 Mnt and the total power capacity (including WHRS) at 733 MW. This caters to around 80 per cent of the company’s power requirement.
Cement demand is slated to grow over 8 per cent. 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