Ultratech Announces Un-audited Financial Results for the Quarter ended 30th September, 2014

MUMBAI, India - Oct. 20, 2014 - PRLog -- UltraTech Cement Limited, an Aditya Birla Group Company, today announced its unaudited financial results for the quarter ended 30^th September, 2014.

Financials

Net Sales stood at ` 5,382 crores as compared to ` 4,503 crores in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax is ` 951crores and Profit after Tax is ` 410crores vis-a-vis ` 717crores and ` 264crores attained in Q2FY’14.

The combined cement and clinker sales was 10.35 MnT (9.22 MnT) while it was 3.02 LmT (2.94 LmT) for white cement and wall care putty.

During the quarter, domestic cement sales volume increased by 11% on the back of higher demand and additional volume from the acquired Units in Gujarat. Costs were impacted mainly on account of increase in prices of petcoke, input material and royalty on limestone.

On a consolidated basis, Net Sales stood at ` 5,723crores as compared to ` 4,849 crores in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax is ` 987crores and Profit after Tax is ` 416crores vis-a-vis ` 773crores and ` 283crores respectively.

Capex

The Company’s on-going capex is on track. UltraTech commissioned a 1.4 MnT cement mill at Rajashree Cement, Karnataka and a 25MW thermal power plant at Tadipatri, Andhra Pradesh. With this the Company’s total cement capacity in India stands at 60.2 Mnt and the total power capacity (including WHRS) at 733 MW. This caters to around 80 % of the Company’s power requirement.

Outlook

Cement demand is slated to grow over 8%. The key value drivers will be renewed government focus on housing and infrastructure spending.