Financial results for the quarter ended 31 December 2012
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19th January, 2013

Financial Results for the Quarter ended 31st December, 2012

UltraTech Cement Limited, an Aditya Birla Group Company, today announced its unaudited financial results for the quarter ended 31st December, 2012.

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 ( Rs. in crores)
Quarter endedNine month ended
 31.12.1231.12.1130.09.1231.12.12
Net Sales4,8574,5654,69914,629
PBIDT1,1451,1191,0763,598
PAT6016175501,929

 

Net Sales stood at Rs.4,857 crores as compared to Rs.4,565 crores in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax is Rs.1,145 crores and Profit after Tax is Rs.601 crores vis-a-vis Rs.1,119 crores and Rs.617 crores.

The cement demand was subdued. Domestic cement sales growth of grey cement remained flat at 9.62 MnT (9.61 MnT) while it was 2.62 LmT (2.46 LmT) for white cement and wall care putty.

On the cost front, year-on-year, raw materials and logistics cost were mainly impacted due to increase in railway freight and hike in diesel prices. Energy cost, i.e imported coal remained at US$ 100/t levels. The benefit of softening in coal prices was partly offset by the depreciation in rupee.

Capex
The on-going capex towards setting up of additional clinkerisation plants at Chhattisgarh and Karnataka is on track. These projects are expected to be operational by early FY14. They will augment the Company's cement capacity by 9.2 mtpa bringing it to a total of 62 mtpa.

Outlook
Backed by some positive economic sentiments, the long term demand is likely to see an 8% growth, with housing, infrastructure and allied spending being the key value drivers. However, the surplus scenario is expected to continue over the next three years. Input costs are likely to increase in line with general inflation with margins remaining range bound.