UltraTech Cement Ltd Q2FY18
Consolidated Results Q2FY18: (Rs. in crore)
|EBITDA Margin (%)||20.1||139|
|Net Profit (adjusted)||424||[31.0]|
Ultratech Cement's consolidated revenue for the quarter came in at Rs. 6936 crore, registering 6.6% yoy increase.
EBITDA for the quarter rose by 14.4% yoy to Rs. 1395 crore with a corresponding margin expansion of 139 bps. EBITDA margin for the quarter stood at 20.1%. This margin expansion was aided by favourable movements in inventories.
The PAT for the quarter came in at Rs. 424 crore, yoy decline of 31%. This was due to increase in interest expenses by 160% yoy. Also, jump in depreciation by 56% yoy due to acquired business of JPA’s assets resulted in drag in bottomline.
The board has approved an investment of Rs. 194 crore for putting up a 4LMT capacity wall care putty plant to cater to the rising demand for the putty. The plant is expected to be commissioned during Q2FY20.
UltraTech Cement Ltd is currently trading at Rs. 4,100.05, up by 11.8 points or 0.29% from its previous closing of Rs. 4,088.25 on the BSE.
The scrip opened at Rs. 4,096.90 and has touched a high and low of Rs. 4,180 and Rs. 4,053 respectively. So far 6,83,628(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 100 DMA.
BSE 4,348.00 92.20 (2.17%)
NSE 4,311.80 43.60 (1.02%)
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