Revenue during the quarter grew by 20 percent to Rs 5,429 crore in the quarter ended September 2014 compared to Rs 4,523 crore in same quarter last year driven by higher cement sales volumes.
Aditya Birla Group company UltraTech Cement beat street expectations on every parameter with the second quarter standalone net profit soaring 55.24 percent to Rs 410 crore on strong topline, operational and other income. Profit in the year-ago period was Rs 264.1 crore.
Profit was expected at Rs 338 crore on revenue of Rs 5,150 crore for the quarter, according to the average of estimates of analysts polled by CNBC-TV18.
Revenue during the quarter grew by 20 percent to Rs 5,429 crore in the quarter ended September 2014 compared to Rs 4,523 crore in same quarter last year driven by higher cement sales volumes.
"The combined cement and clinker sales increased by 12.25 percent on yearly basis to 10.35 million tonne while white cement and wall care putty sales rose to 3.02 lakh metric tonne from 2.94 lakh metric tonne," said the company in its filing to BSE.
It added that domestic cement sales volume climbed 11 percent on the back of higher demand and additional volume from the acquired units in Gujarat. UltraTech acquired two cement units in Gujarat from Jaypee Cement.
On the outlook front, UltraTech said the cement demand is slated to grow over 8 percent. The key drivers will be renewed government focus on housing and infrastructure spending, it added.
Other income doubled to Rs 74.1 crore in July-September quarter from Rs 37.6 crore in corresponding quarter of last fiscal.
Operating profit of the cement company spiked 29.2 percent year-on-year to Rs 877 crore and margin expanded by 120 basis points to 16.2 percent during the same period. According to the poll, both were expected at Rs 840 crore and 16.3 percent, respectively.
Raw materials cost increased by 16 percent to Rs 787.4 crore from Rs 677.5 crore on yearly basis. "Costs were impacted mainly on account of increase in prices of petcoke, input material and royalty on limestone," said the company.
More to come...
Anda sedang membaca artikel tentang
UltraTech Cement Q2 profit up 55% on strong revenue, EBITDA
Dengan url
http://untukkesehatanda.blogspot.com/2014/10/ultratech-cement-q2-profit-up-55-on.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
UltraTech Cement Q2 profit up 55% on strong revenue, EBITDA
namun jangan lupa untuk meletakkan link
UltraTech Cement Q2 profit up 55% on strong revenue, EBITDA
sebagai sumbernya
0 komentar:
Posting Komentar