Un-audited Financial Results for the Quarter ended 30th June, 2015
1st August, 2015
Mumbai, 20th July, 2015 Un-audited Financial Results for the Quarter ended 30th June, 2015
Rs. in crores
UltraTech Cement Limited, an Aditya Birla Group Company, announced its unaudited financial results for the quarter ended 30th June, 2015.
Net Sales stood at ` 6,038 crores as compared to ` 5,649 crores in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax is ` 1,252 crores and Profit after Tax is ` 591 crores vis-a-vis ` 1,264 crores and ` 626 crores respectively, in the corresponding period of the previous year.
Cement and clinker recorded sales at 12.14 MnT (11.70 MnT) and 2.67 LmT (2.57 LmT) for white cement and wall care putty.
Energy costs improved by 7%. The reduction in fuel prices was partially offset by the increase in railway freight. Input prices remained stable, except for the rise in royalty on limestone and levies under the Mines and Mineral (Development and Regulation) Amendment Act, 2015.
On a consolidated basis, Net Sales stood at ` 6,372 crores as compared to ` 5,989 crores in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax is ` 1,282 crores (` 1,296 crores) and Profit after Tax is ` 591 crores (` 628 crores).
The Scheme of Arrangement between the Company and Jaiprakash Associates Limited (JAL) and their shareholders and creditors for acquisition of the cement units of JAL situated at Bela and Sidhi in Madhya Pradesh, having a capacity of 4.9 mtpa together with a thermal power generation capacity of 180 MW TPP has been approved by the shareholders and creditors of the Company. The Competition Commission of India has already approved the transaction. The transaction is now subject to approval from the high courts and getting all regulatory approvals.
The Company further commissioned 15 MW Waste Heat Recovery Systems taking the total power generation capacity from waste heat recovery to 48 MW.
With the Governments' focus on infrastructure development, housing sector, smart cities, roads etc., the Company is positioned across the country to meet the expected rise in demand and participate in the next phase of growth in the country.