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PRESS
RELEASE
20 October
2007
UltraTech
reports results for the quarter ended 30 September 2007
Click
here to view the results
| Net
sales |
 17
per cent |
| PAT |
46
per cent
|
|
(Rs.
crore)
|
| |
Quarter
ended
30 September 2007
|
Quarter
ended
30 September 2006
|
Per
cent change
|
|
Net
sales
|
1,173
|
1,005
|
17
|
|
PBIDT
|
355
|
266
|
33
|
| Profit
after tax |
186
|
127
|
46
|
UltraTech
Cement Limited, an Aditya Birla Group company, today announced
its unaudited financial results for the quarter ended 30 September
2007.
Net sales
at Rs.1,173 crore (Rs.1,005 crore) is up by 17 per cent compared
to the corresponding quarter of the previous year. Profit
before depreciation, interest and tax at Rs. 355 crore (Rs.
266 crore) grew 33 per cent. Profit after tax rose by 46 per
cent from Rs.127 crore to Rs.186 crore.
The company
produced 3.34 mmt (3.00 mmt) of cement. The effective capacity
utilisation was 85 per cent (84 per cent) on account of planned
maintenance shutdown.
Domestic
volume at 3.15 mmt (2.80 mmt) registered a growth of 12 per
cent. Exports were curtailed to cater to the domestic market.
Costs continue
to remain under pressure on account of mounting shipping freight
and coal prices.
The capex
announced by the company is progressing on schedule. These
include the setting up of captive power plants at the company's
units in Chattisgarh and Gujarat and expansion of capacity
at the unit in Andhra Pradesh together with a split grinding
unit. The power plant in Gujarat will be commissioned in a
phased manner commencing from the last quarter of the current
financial year. Ready mix concrete plants are also being set
up across the country.
Around
Rs. 3,300 crore has been earmarked, to be spent over the next
three years on these expansions and de-bottlenecking.
The industry
has announced additional capacities of around 90 million tonnes
to be commissioned over the next three years. These could result
in a surplus scenario thereby putting pressure on prices from
end FY09. However, the demand for cement is expected to grow
around 10 per cent linked to GDP growth.
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