Ultra Tech Cement records 120% jump in consolidated net profit, stands at Rs 1584 crore

Today, UltraTech Cement reported 120% jump in consolidated net profit reaching  Rs 1,584 crore for the quarter ending 31 December, 2020. It was Rs 712 crore in the year-ago period.

Consolidated revenue from operations rose 18% to Rs 12,144 crore as compared to Rs 10,262 crore in the year-ago period.

The company announced in a BSE filing that their margin for quarter expanded 700 basis points to 28% from 21% in the year ago quarter.The cement makers reported a similar 28% margin in September quarter.

Consolidated volumes for the quarter rose 14% to 23.88 mt compared with 20.90 mt in the year ago quarter.

Debt to equity ratio for the company stood at 0.19% at the end of December quarter, compared with 0.27% at the end of September quarter and 0.48% in the year ago quarter.

In the current quarter the company board approved a capex of Rs 5447 crore towards increase in capacity to 12.8 mtpa with a mix of brown and green field projects. The additional capacity, is being created in the fast-growing markets of east, central and north regions. As explained by the company the additional capacity is being created in the fast growing markets of the east, central and north regions.

 

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