UltraTech Cement announces unaudited financial results for the quarter ended 30 September 2016
17 October, 2016
Share17 October 2016
| (Rs. in crore) | |||||
| Consolidated | Standalone | ||||
| Particulars | Q2FY17 | Q2FY16 | Q2FY17 | Q2FY16 | |
| Net sales | 5,709 | 5,857 | 5,398 | 5,527 | |
| PBIDT | 1,378 | 1,186 | 1,327 | 1,116 | |
| PAT | 614 | 491 | 601 | 457 | |
UltraTech Cement Limited, an Aditya Birla Group company, today announced its unaudited financial results for the quarter ended 30 September 2016. The company has adopted Indian Accounting Standards (IndAS) with effect from 1 April 2016. The figures for the quarter ended 30 September 2015 have also been restated as per IndAS.
Financials
Net sales stood at Rs.5,709 crore as compared to Rs.5,857 crore in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax at Rs.1,378 crore was higher by 16 per cent as compared to Rs.1,186 crore in the corresponding period of the previous year. Profit after Tax rose 25 per cent from Rs.491 crore to Rs.614 crore in Q2FY17.
On a standalone basis net sales stood at Rs.5,398 crore as compared to Rs.5,527 crore in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax at Rs.1,327 crore grew 19 per cent as compared to Rs.1,116 crore in Q2FY16 and Profit after Tax jumped 31 per cent from Rs.457 crore in the Q2FY16 to Rs.601 crore in Q2FY17.
Outlook
Government’s thrust on developing infrastructure spending, good monsoons, development of smart cities leading to growth in housing demand in Tier-I and Tier-II cities, slower pace of new capacity addition augur well for the cement industry. UltraTech is well positioned across the country to meet the expected rise in demand and participate in the next phase of growth in the country.
