UltraTech Cement Limited, an Aditya Birla Group Company, today announced its unaudited financial results for the quarter ended 30th June, 2012.
Net Sales stood at Rs 5,075 crores as compared to Rs4,352 crores in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax is Rs1,377 crores and Profit after Tax is Rs778 crores vis-a-vis Rs1,252 crores and Rs 683 crores respectively, in the corresponding period of the previous year.
The combined domestic cement and clinker sales was 9.94 MnT (9.48 MnT) while it was 2.25 LmT (1.93 LmT) for white cement and wall care putty.
The variable cost rose by 10% as compared to Q1FY12. This was mainly on account of higher energy and raw material prices which are linked to the last increase in railway freight and increase in diesel prices. Although imported coal prices softened by around 19%, the depreciation in rupee by 21% offset the benefit.
The Board has further sanctioned capex of Rs 1,000 crores towards modernisation and setting up of ready mix concrete plants across the country. This brings the total capex under implementation to around ` 12,000 crores.
Cement demand is likely to grow over 8% linked to the Government’s focus on infrastructure development.
The surplus scenario is expected to continue over the next 3 years. Any rise in input costs will impact margins.