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Ultratech Cement's Sept quarter profit grows 72% YoY to Rs 639 crore

Top line of the cement maker grew 5 per cent YoY to Rs 9,129 crore from Rs 8,710 crore.

ETMarkets.com|
Updated: Oct 21, 2019, 02.41 PM IST
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BCCL
Ultratech-1---BCCL
Operating margin expanded to 22 per cent in September quarter from 18 per cent YoY.
Ultratech Cement on Monday said on Monday its profit after tax (PAT) jumped 72 per cent year-on-year (YoY) to Rs 639 crore in September quarter. The cement maker had reported Rs 371 crore profit in the same quarter last year. The numbers included figures for Century Cement.

Top line of the cement maker grew 5 per cent YoY to Rs 9,129 crore from Rs 8,710 crore, it said in a BSE filing.

Ebitda rose 29 per cent YoY to Rs 1,995 crore from Rs 1,544 crore in the year-ago quarter.

Operating margin expanded to 22 per cent in September quarter from 18 per cent YoY.

The company said its raw material cost fell 2 per cent YoY due to reduction in slag consumption amid to higher share of composite cement.

The company logged retail sales volume growth of 5.6 per cent. It managed to increase sales through the retail channel 2 per cent YoY. Its premium products volume grew 30 per cent YoY and contributed to 10 per cent of trade sales volume.

Ultratech snip 1

The consolidated profit, meanwhile, jumped 61 per cent to Rs 579 crore from Rs 357 crore YoY. Consolidated revenue for the quarter stood at Rs 9,491 crore (up 4 per cent) while marign came in at 22 per cent against 17 per cent reported in same quarter last year.

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