20th January, 2014
Financial Results for the Quarter ended 31st December, 2013
UltraTech Cement Limited, an Aditya Birla Group Company, today announced its unaudited financial results for the quarter ended 31st December, 2013.
|( Rs. in crores)|
|Quarter ended||Nine month ended|
Net Sales stood at Rs. 4,786 crores as compared to Rs. 4,857 crores in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax is Rs. 864 crores and Profit after Tax is Rs. 370 crores vis-a-vis Rs. 1,145 crores and Rs. 601 crores respectively, in the corresponding period of the earlier year.
The combined domestic cement and clinker sales remained flat at 9.7 MnT while it was 2.89LmT (2.62LmT) for white cement and wall care putty.
The results for the quarter have been impacted mainly on account of lower selling prices due to the subdued demand. However, on-going cost optimisation measures have helped in containing costs despite the continuing increase in input and logistics cost.
The outlook continues to remain challenging. Demand growth in the long term is likely to be around 8%. The key demand drivers will continue to be housing and infrastructure spends.