UltraTech Cement announces un-audited financial results for quarter ended 30 June 2015
20 July, 2015
Share20 July 2015
| (Rs. in crores) | |||||
| Standalone | Consolidated | ||||
| Particulars | Q1FY’16 | Q1FY’15 | Q1FY’16 | Q1FY’15 | |
| Net sales | 6,038 | 5,649 | 6,372 | 5,989 | |
| PBIDT | 1,252 | 1,264 | 1,282 | 1,296 | |
| PAT | 591 | 626 | 591 | 628 | |
UltraTech Cement Limited, an Aditya Birla Group Company, announced its unaudited financial results for the quarter ended 30 June 2015.
Financials
Net sales stood at Rs.6,038 crore as compared to Rs.5,649 crore in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax is Rs.1,252 crore and Profit after Tax is Rs.591 crore vis-a-vis Rs.1,264 crore and Rs.626 crore respectively, in the corresponding period of the previous year.
Cement and clinker recorded sales at 12.14 MnT (11.70 MnT) and 2.67 LmT (2.57 LmT) for white cement and wall care putty.
Energy costs improved by 7 per cent. The reduction in fuel prices was partially offset by the increase in railway freight. Input prices remained stable, except for the rise in royalty on limestone and levies under the Mines and Mineral (Development and Regulation) Amendment Act, 2015.
On a consolidated basis, net sales stood at Rs.6,372 crore as compared to Rs.5,989 crore in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax is Rs.1,282 crore (Rs.1,296 crore) and Profit after Tax is Rs.591 crore (Rs.628 crore).
Corporate Development
The Scheme of Arrangement between the company and Jaiprakash Associates Limited (JAL) and their shareholders and creditors for acquisition of the cement units of JAL situated at Bela and Sidhi in Madhya Pradesh, having a capacity of 4.9 mtpa together with a thermal power generation capacity of 180 MW TPP has been approved by the shareholders and creditors of the company. The Competition Commission of India has already approved the transaction. The transaction is now subject to approval from the high courts and getting all regulatory approvals.
Capex
The company further commissioned 15 MW Waste Heat Recovery Systems taking the total power generation capacity from waste heat recovery to 48 MW.
Outlook
With the Government's focus on infrastructure development, housing sector, smart cities, roads etc., the company is positioned across the country to meet the expected rise in demand and participate in the next phase of growth in the country.
