UltraTech Cement announces unaudited financial results for the quarter ended 30 September 2015
19 October, 2015
Share19 October 2015
| (Rs. in crore) | |||||
| Consolidated | Standalone | ||||
| Particulars | Q2FY16 | Q2FY15 | Q2FY16 | Q2FY15 | |
| Net sales | 5,951 | 5,721 | 5,621 | 5,379 | |
| PBIDT | 1,103 | 987 | 1,033 | 951 | |
| PAT | 427 | 414 | 394 | 410 | |
UltraTech Cement Limited, an Aditya Birla Group company, today announced its unaudited financial results for the quarter ended 30 September 2015.
Operations
Net sales at Rs.5,951 crore was higher by Rs.230 crore as compared to Rs.5,721 crore in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax at Rs.1,103 crore and Profit after Tax at Rs.427 crore rose by Rs.116 crore and Rs.13 crore respectively.
The combined cement and clinker sales was 11.51 MnT (11.17 MnT) while it was 3.22 LmT (2.99 LmT) for white cement and wall care putty.
During the quarter, domestic cement sales volume increased by 5 per cent as compared to the same quarter last year. While operating costs were lower as compared to the previous year on account of lower energy costs, the benefit was partially offset due to the District Mineral Foundation levy in terms of the provisions of the Mines and Minerals (Development) Amendment Act, 2015.
On a standalone basis, net sales stood at Rs.5,621 crore as compared to Rs.5,379 crore in the corresponding period of the previous year.
Profit before Interest, Depreciation and Tax is Rs.1,033 crore up from Rs.951 crore last year and Profit after Tax is Rs.394 crore vis-a-vis Rs.410 crore that included a tax benefit of Rs.70 crore on long-term investment incomes. On a like-for-like basis, PAT has grown by 16 per cent in Q2FY16.
Capex
The company’s ongoing capex program is on track. During the quarter, UltraTech commissioned —
- 1.6 mtpa grinding unit at Jhajjar, Haryana
- 1.6 mtpa grinding unit at Dankuni, West Bengal
As a result, cement capacity is enhanced to 64.7 mtpa in India. The company also commissioned a 2.0 mtpa bulk terminal on the outskirts of Pune, Maharashtra. With the further commissioning of a 5 MW waste heat recovery system at Rawan, Chhattisgarh, power generation from waste heat recovery stands augmented to 53 MW.
Outlook
With the government's focus on infrastructure development, housing sector, smart cities, roads etc., 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.
