UltraTech Cement Q2FY18 consolidated net profit declines 31% yoy

India Infoline Research Team | October 18, 2017 14:27 IST

UltraTech Cement Ltd Q2FY18

Consolidated Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 6,936 6.6
EBITDA 1,395 14.4
EBITDA Margin (%) 20.1 139
Net Profit (adjusted) 424 [31.0]
***EBITDA margin change is bps
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Reco. Price

3925

Last updated on

06-Oct-2017


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.



Technical View:

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%)

***Note: This is a NSE Chart

 

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