Mumbai, 18th July, 2017
Un-audited Financial Results for the Quarter ended 30th June, 2017
|Rs. in crores|
UltraTech Cement Limited, an Aditya Birla Group Company, today announced its unaudited financial results for the quarter ended 30th June, 2017. The results include those of the cement plants of Jaiprakash Associates Limited (JAL) and Jaypee Cement Corporation Limited (JCCL) acquired in terms of a Scheme of Arrangement which is effective from 29th June, 2017.
Net Sales stood at Rs. 6,938 crores as compared to Rs. 6,535 crores in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax at Rs. 1,798 crores was higher by 11% as compared to Rs. 1,626 crores in the corresponding period of the previous year. Profit after Tax rose 15 % from Rs. 780 crores to Rs. 897 crores in Q1FY18.
This quarter also witnessed increasing cost trends, primarily attributable to energy and logistics cost on account of increase in fuel prices.
On a standalone basis, Net Sales stood at Rs. 6,533 crores as compared to Rs. 6,179 crores in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax was Rs. 1,725 crores (Rs. 1,573 crores) and Profit after Tax was Rs. 891 crores (Rs. 775 crores).
The Company completed the acquisition of the cement plants of Jaiprakash Associates Limited and Jaypee Cement Corporation Limited located in the States of Madhya Pradesh, Uttar Pradesh, Himachal Pradesh, Uttarakhand and Andhra Pradesh with a capacity of 21.2 million tons. With this acquisition the cement capacity of the Company stands at 93 mtpa
Government spending on infrastructure, rural and affordable housing will be the key demand drivers. UltraTech is well positioned across the country to cater to the demand.
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