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| Home / India News / 2007 / October / October 20, 2007 UltraTech Cement Reports Results for the Quarter Ended 30th September, 2007 |
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Mumbai, Maharashtra, India
UltraTech Cement Limited, an Aditya Birla Group Company, today announced its unaudited financial results for the quarter ended 30th September, 2007.
Net Sales at Rs.1,173 crores (Rs.1,005 crores) is up by 17% compared to the corresponding quarter of the previous year. Profit before Depreciation, Interest and Tax at Rs. Rs.355 crores (Rs.266 crores) grew 33%. Profit After Tax rose by 46% from Rs.127 crores to Rs. 186 crores.
The Company produced 3.34 MMT (3.00 MMT) of cement. The effective capacity utilisation was 85 % (84%) on account of planned maintenance shutdown.
Domestic volume at 3.15 MMT (2.80 MMT) registered a growth of 12 %. Exports were curtailed to cater to the domestic market.
Costs continue to remain under pressure on account of mounting shipping freight and coal prices.
The Capex announced by the Company is progressing on schedule. These include the setting up of the captive power plants at the Company's Units in Chattisgarh and Gujarat and expansion of capacity at the Unit in Andhra Pradesh together with a split grinding unit. The power plant in Gujarat will be commissioned in a phased manner commencing from the last quarter of the current financial year. Ready Mix Concrete Plants are also being set up across the country.
Around Rs. 3,300 crores has been earmarked, to be spent over the next three years on these expansions and de-bottlenecking.
The Industry has announced additional capacities of around 90 million tonnes 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% linked to GDP growth.
To view the press release along with the tables please click on the links given below:
UltraTech Release
UltraTech Unaudited Financial Results Sheet
Source: UltraTech Cement Limited (Business Wire India)
Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.
