+
UltraTech's profit surges 68% with reduced costs
Cement

UltraTech's profit surges 68% with reduced costs

UltraTech Cement, a company within the Aditya Birla Group, announced a 68 percent increase in its net profit for the December quarter, amounting to Rs 17.77 billion compared to Rs 10.58 billion in the same period the previous year. This boost in profit was attributed to increased volume and reduced costs.

The revenue witnessed an 8 percent rise, reaching Rs 167.40 billion from Rs 155.21 billion, while the overall income escalated to Rs 168.80 billion from Rs 156.48 billion. Sales volume experienced a 6 percent growth, totalling 27.32 million tonnes.

Despite the surge in output, expenses rose by 3 percent to Rs 145.31 billion from Rs 141.24 bllion. This was offset by a significant 14 percent decrease in power and fuel costs, which amounted to Rs 41.78 billion compared to Rs 48.73 billion. Ebitda also saw a substantial increase, rising by 38 percent to Rs 33.95 billion from Rs 24.62 billion. The sales realisation per 50 kg bag went up to Rs 275 from Rs 269.

Regarding expansion projects, during the quarter, UltraTech Cement acquired a 0.54 mtpa cement-grinding asset of Burnpur Cement in Jharkhand for Rs 1.70 billion, marking its entry into the state. The company has initiated work on the second phase of a 22.6 MTPA expansion, which is expected to be commissioned ahead of schedule in the March quarter.

Furthermore, major orders have been placed with key technology suppliers for the third phase of growth, targeting 21.9 MTPA. Civil work has already commenced at several locations. UltraTech Cement has submitted applications to the stock exchanges for the proposed acquisition of 10.75 MTPA cement assets of Kesoram Industries. The consolidation of these assets with the company is contingent upon regulatory approvals.

UltraTech Cement, a company within the Aditya Birla Group, announced a 68 percent increase in its net profit for the December quarter, amounting to Rs 17.77 billion compared to Rs 10.58 billion in the same period the previous year. This boost in profit was attributed to increased volume and reduced costs. The revenue witnessed an 8 percent rise, reaching Rs 167.40 billion from Rs 155.21 billion, while the overall income escalated to Rs 168.80 billion from Rs 156.48 billion. Sales volume experienced a 6 percent growth, totalling 27.32 million tonnes. Despite the surge in output, expenses rose by 3 percent to Rs 145.31 billion from Rs 141.24 bllion. This was offset by a significant 14 percent decrease in power and fuel costs, which amounted to Rs 41.78 billion compared to Rs 48.73 billion. Ebitda also saw a substantial increase, rising by 38 percent to Rs 33.95 billion from Rs 24.62 billion. The sales realisation per 50 kg bag went up to Rs 275 from Rs 269. Regarding expansion projects, during the quarter, UltraTech Cement acquired a 0.54 mtpa cement-grinding asset of Burnpur Cement in Jharkhand for Rs 1.70 billion, marking its entry into the state. The company has initiated work on the second phase of a 22.6 MTPA expansion, which is expected to be commissioned ahead of schedule in the March quarter. Furthermore, major orders have been placed with key technology suppliers for the third phase of growth, targeting 21.9 MTPA. Civil work has already commenced at several locations. UltraTech Cement has submitted applications to the stock exchanges for the proposed acquisition of 10.75 MTPA cement assets of Kesoram Industries. The consolidation of these assets with the company is contingent upon regulatory approvals.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code