+
UltraTech Cement’s Q2 profit jumped over twofold to Rs 12.34 bn
Cement

UltraTech Cement’s Q2 profit jumped over twofold to Rs 12.34 bn

Image courtesy: Magic Bricks

UltraTech Cement reported a 113 per cent jump in its net profit. Its consolidated net surged over twofold to Rs 12.34 billion on a year-on-year (y-o-y) basis for the quarter ended September 30. Reportedly the company’s strong performance is on the back of operational efficiencies, lower finance cost and its ability to serve all Indian markets.

The cement maker’s consolidated net sales rose 7.8 per cent y-o-y to Rs 102.31 billion from Rs 94.86 billion. The consolidated Ebitda was aided by higher volumes, competitive cement prices, lower energy costs and stable logistics. Expenses increased by 37 per cnet y-o-y to Rs 28.30 billion.
Ebitda/tonne of the company registered a strong growth of 30% to Rs 1,387 per tonne. Consequently, the operating margins came in at 28%, a sharp 600-basis point rise.

The volumes during the quarter surged a good 20% y-o-y to 19.21 million tonne from 16 million tonne in the corresponding quarter last year, led by strong rural demand and government spends on infrastructure. The company reported volume growth in the north, central, Gujarat and East regions, whereas volume contracted in south and Maharashtra.

UltraTech has reduced net debt substantially for the second quarter in row. With prudent working capital management and overall efficient operations, the company shaved off Rs 47.28 billion of net debt in the first half of this financial year. The company reduced the net debt by Rs 25.19 billion in the September quarter.

Reportedly the work on the company’s 3.4 MTPA cement capacity addition in Odisha, Bihar and West Bengal has picked up pace and it is expected to get commissioned during FY22 in a phased manner.

The 14.6 MTPA cement plants acquired during the previous fiscal have been integrated and now the company is investing in further improving operations.

In the future, the demand for cement is expected to grow on the back of the government’s boost to infrastructure and the expanding rural economy. The recent policy measures announced by the Reserve Bank of India to support the real estate sector will also bolster demand.

Image courtesy: Magic BricksUltraTech Cement reported a 113 per cent jump in its net profit. Its consolidated net surged over twofold to Rs 12.34 billion on a year-on-year (y-o-y) basis for the quarter ended September 30. Reportedly the company’s strong performance is on the back of operational efficiencies, lower finance cost and its ability to serve all Indian markets.The cement maker’s consolidated net sales rose 7.8 per cent y-o-y to Rs 102.31 billion from Rs 94.86 billion. The consolidated Ebitda was aided by higher volumes, competitive cement prices, lower energy costs and stable logistics. Expenses increased by 37 per cnet y-o-y to Rs 28.30 billion.Ebitda/tonne of the company registered a strong growth of 30% to Rs 1,387 per tonne. Consequently, the operating margins came in at 28%, a sharp 600-basis point rise.The volumes during the quarter surged a good 20% y-o-y to 19.21 million tonne from 16 million tonne in the corresponding quarter last year, led by strong rural demand and government spends on infrastructure. The company reported volume growth in the north, central, Gujarat and East regions, whereas volume contracted in south and Maharashtra.UltraTech has reduced net debt substantially for the second quarter in row. With prudent working capital management and overall efficient operations, the company shaved off Rs 47.28 billion of net debt in the first half of this financial year. The company reduced the net debt by Rs 25.19 billion in the September quarter.Reportedly the work on the company’s 3.4 MTPA cement capacity addition in Odisha, Bihar and West Bengal has picked up pace and it is expected to get commissioned during FY22 in a phased manner.The 14.6 MTPA cement plants acquired during the previous fiscal have been integrated and now the company is investing in further improving operations.In the future, the demand for cement is expected to grow on the back of the government’s boost to infrastructure and the expanding rural economy. The recent policy measures announced by the Reserve Bank of India to support the real estate sector will also bolster demand.

Related Stories

Gold Stories

Next Story
Real Estate

The Energy-Smart Buildings

Passive design is an integral part of energy-efficient architecture. Sophisticated building systems also contribute to this end. But what role do materials play in enhancing a building’s energy-efficiency?“Material selection is one of the earliest opportunities to influence how a building performs,” says Tejbeer Singh, Principal Architect & Founder, Expressionist by Tejbeer Singh. “The objective is not simply to select materials that look appropriate but to understand how they behave within the climate and construction system.”To read the full story Click Here ..

Next Story
Infrastructure Transport

Chandigarh Station: Rebuilt in Motion

1. REDEVELOPMENT MOVES TO SITERLDA awarded the ₹462-crore EPC package to Ahluwalia Contracts (India) in November 2022, taking the Chandigarh station upgrade from planning to execution. Construction commenced on 11 January 2023, beginning a large-scale transformation of the operational rail hub while train services and passenger movement continued through the site. ..To read the full article Click Here ..

Next Story
Technology

Bentley Systems announces 2026 Year in Infrastructure winners

Bentley Systems has announced the winners of its 2026 Year in Infrastructure Awards, recognising projects that use digital technologies and Bentley software across the infrastructure lifecycle. The awards were presented during the Bentley Systems 2026 Year in Infrastructure Event, held in Singapore on October 6 and 7.More than 300 projects from organisations in 53 countries were nominated this year. Winners were selected across 12 categories by an independent judging panel.The 2026 winners included AYESA Engineering’s Porto Metro 3.0 project in the Bridges and Tunnels category; Pinnacle Futu..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code