Net sales at Rs 100 bn compared to Rs 87.20 bn in Q1FY19
Cement

Net sales at Rs 100 bn compared to Rs 87.20 bn in Q1FY19

UltraTech Cement has announced its unaudited financial results for the quarter ended 30th June, 2019. 

(Rs. in billion)

 

Consolidated

Standalone

Particulars

Q1FY’20

Q1FY’19

Q1FY’20

Q1FY’20

(India operations)

Q1FY’19

Net Sales

100.27

87.20

96.48

96.22

83.54

PBIDT

28.40

17.63

27.04

27.83

16.97

PAT

12.08

6.31

11.99

11.87

5.98


Financials
Net sales stood at Rs 100.27 billion compared to Rs 87.20 billion in Q1FY19. Profit before Interest, Depreciation and Tax is Rs 28.40 billion vis-à-vis Rs 17.63 billion with Profit After Tax at Rs 12.08 billion compared to Rs .631 billion in Q1FY19.  

UltraTech Nathdwara Cement 
With major overhauling of the plants and completion of quality upgradation, UltraTech Nathdwara Cement has been fully integrated with UltraTech systems and processes.The plants have achieved optimal efficiencies. 

Acquisition in FY18
The 21.2 mtpa cement capacity acquired from Jaiprakash Associates in June 2017 are operating in line with the existing plants of the company and have achieved PBT break-even during the quarter. The Bara Grinding Unit is scheduled for commissioning during Q3-FY20.  There have been some delays in the project.

Corporate Development
The  National Company Law Tribunal, Mumbai Bench (NCLT) has by its order dated July 3, 2019, sanctioned the Scheme of Demerger between Century Textiles and Industries (Century), the Company and the respective shareholders and creditors (the Scheme). The transaction had earlier received approval of the stock exchanges, the Competition Commission of India and shareholders. The NCLT has approved May 20, 2018, as the Appointed Date for the Scheme. The Scheme will be made effective upon receipt of the remaining regulatory approvals during Q2FY20.

In terms of the Scheme, the Company will issue one equity share of face value of Rs 10/- each for every eight equity shares of Century of face value of Rs 10/- each to the shareholders of Century. 

After the completion of this transaction and coupled with the on-going expansions, the Company will achieve an installed capacity of 117.35 mtpa, inclusive of its overseas operations. 

UltraTech Cement has announced its unaudited financial results for the quarter ended 30th June, 2019. (Rs. in billion)   Consolidated Standalone Particulars Q1FY’20 Q1FY’19 Q1FY’20 Q1FY’20 (India operations) Q1FY’19 Net Sales 100.27 87.20 96.48 96.22 83.54 PBIDT 28.40 17.63 27.04 27.83 16.97 PAT 12.08 6.31 11.99 11.87 5.98 FinancialsNet sales stood at Rs 100.27 billion compared to Rs 87.20 billion in Q1FY19. Profit before Interest, Depreciation and Tax is Rs 28.40 billion vis-à-vis Rs 17.63 billion with Profit After Tax at Rs 12.08 billion compared to Rs .631 billion in Q1FY19.  UltraTech Nathdwara Cement With major overhauling of the plants and completion of quality upgradation, UltraTech Nathdwara Cement has been fully integrated with UltraTech systems and processes.The plants have achieved optimal efficiencies. Acquisition in FY18The 21.2 mtpa cement capacity acquired from Jaiprakash Associates in June 2017 are operating in line with the existing plants of the company and have achieved PBT break-even during the quarter. The Bara Grinding Unit is scheduled for commissioning during Q3-FY20.  There have been some delays in the project.Corporate DevelopmentThe  National Company Law Tribunal, Mumbai Bench (NCLT) has by its order dated July 3, 2019, sanctioned the Scheme of Demerger between Century Textiles and Industries (Century), the Company and the respective shareholders and creditors (the Scheme). The transaction had earlier received approval of the stock exchanges, the Competition Commission of India and shareholders. The NCLT has approved May 20, 2018, as the Appointed Date for the Scheme. The Scheme will be made effective upon receipt of the remaining regulatory approvals during Q2FY20.In terms of the Scheme, the Company will issue one equity share of face value of Rs 10/- each for every eight equity shares of Century of face value of Rs 10/- each to the shareholders of Century. After the completion of this transaction and coupled with the on-going expansions, the Company will achieve an installed capacity of 117.35 mtpa, inclusive of its overseas operations. 

Next Story
Infrastructure Transport

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

Next Story
Infrastructure Energy

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

Next Story
Infrastructure Energy

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?