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PRESS
RELEASE
19
January 2008
UltraTech
reports results for the quarter ended 31 December 2007
Click
here to view the results
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per
cent
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Net
sales
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 10
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PAT
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32
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Rs. crore
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Quarter
ended
31 December 2007
|
Quarter
ended
31 December 2006
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per
cent
change
|
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Net
sales
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1,382
|
1,260
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10
|
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PBIDT
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489
|
397
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23
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PAT
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279
|
212
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32
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UltraTech
Cement Limited, an Aditya Birla Group Company, today announced
its unaudited financial results for the quarter ended 31 December
2007.
Net sales
at Rs.1,382 crore is up by 10 per cent compared to Q3FY07
(Rs.1,260 crore). Profit before interest, depreciation and
tax at Rs.489 crore (Rs.397 crore) rose 23 per cent. Profit
after tax grew by 32 per cent from Rs. 212 crore to Rs. 279
crore. Sales of ready mix concrete accounted for around five
per cent of the company's turnover.
The company
produced 3.60 mmt (3.59 mmt) of cement. The effective cement
capacity utilisation was 102 per cent. Domestic cement volume
registered a growth of 6 per cent from 3.21 mmt in Q3FY07
to 3.40 mmt.
Increase
in variable cost per tonne was restricted to four per cent
as a result of improved production efficiencies. This was
despite higher energy costs by nine per cent, primarily due
to escalating coal prices.
UltraTech
has earmarked a capex of around Rs. 3,300 crore, to be spent
over the next three years towards expansions, setting up of
captive power plants and de-bottlenecking. Of these, capacity
expansion at the company's unit in Andhra Pradesh and the
first phase of the captive power plant at the unit in Gujarat
are expected to be commissioned in the current quarter. The
other projects are progressing on schedule.
The industry
has announced additional capacities of around 90 million tonnes,
expected 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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