UltraTech Cement Ltd Q2FY17
Consolidated Results Q2FY17: (Rs. in crore)
|EBITDA Margin (%)||19||20|
|Net Profit (adjusted)||614||25.3|
Ultratech’s Q2FY17 results came in better than the street estimates. The beat across Revenue and PAT numbers were by 17% and 11% respectively. The EBITDA numbers came in higher than street estimates by 9.7% and EBITDA/ton of Rs 978 fared better than the street estimate of Rs 920.
The consolidated net revenue for the quarter declined by 2.4% YoY to Rs. 6,509 cr. This was due to weakness in eastern & central markets and lower realizations. Total sales volumes grew marginally by 1% against street estimate of 2.5% growth YoY.
The consolidated EBITDA grew by 15.9% YoY to Rs. 1218 cr and EBITDA margins improved by 20 bps YoY to 19%. This was primarily driven by lower energy and logistics costs (down 19% YoY and 4%YoY, respectively.)
The consolidated net profit grew 25.31% YoY to Rs. 614 cr against Rs. 490 cr of last quarter due to effects of higher other income (up by 17% YoY) and better PET coke usage by 15% YoY.
UltraTech Cement Ltd is currently trading at Rs. 3992.85, down by 45.55 points or 1.13% from its previous closing of Rs. 4038.4 on the BSE. The scrip opened at Rs. 4038.4 and has touched a high and low of Rs. 4069.55 and Rs. 3965 respectively. So far 560009(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
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