Rs. in crores
UltraTech Cement Limited, an Aditya Birla Group Company, today announced its unaudited financial results for the quarter ended 31st December, 2015.
During the quarter, domestic cement sales volume increased by 7% as compared to the same quarter last year. Grey cement sales was 11.26 MnT (10.51MnT) while it was 3.38 LmT (3.17 LmT) for white cement and wall care putty. Though cement prices remained subdued, the performance during the quarter was encouraging, driven by operational efficiencies, judicious fuel mix and lower energy costs. This has resulted in lower operating costs. However, this benefit was partially offset by an increase in costs due to the District Mineral Foundation levy in terms of the provisions of the Mines and Minerals (Development) Amendment Act, 2015 and amendment to the Payment of Bonus Act.
Financial Performance Net Sales at RS 6,108 crores rose by 5% vis-à-vis RS 5,832 crores in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax stood at RS 1,245 crores, up by 18% from RS 1,058 crores. Profit after Tax soared by 36% over last year to RS 546 crores.
On a standalone basis Net Sales stood at RS 5,747 crores as compared to RS 5,488 crores in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax is RS 1,176 crores up from RS 990 crores last year and Profit after Tax is RS 509 crores vis-a-vis RS 364 crores.
The demand for cement is expected to pick-up in the near term. The Governments' focus on infrastructure development, housing sector, smart cities, roads etc., augurs well for UltraTech. The Company is confident of meeting the upsurge in demand and participating proactively in the next phase of growth in the country.
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