HomeEarnings NewsUltratech Cement Q4 results beat estimates boosted by domestic sales volume

Ultratech Cement Q4 results beat estimates boosted by domestic sales volume

Ultratech Cement posted a standalone net profit of Rs 1,017.47 crore in the fourth quarter of FY 2018-19, 108 percent up compared to Rs 487.95 crore in the same period last year.

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By CNBC-TV18 April 25, 2019, 3:35:39 PM IST (Updated)

Ultratech Cement Q4 results beat estimates boosted by domestic sales volume
Ultratech Cement on Wednesday reported an over 100 percent rise year-over-year in its standalone net profit for the quarter ended March 31 boosted by strong domestic sales volume. The Aditya Birla group company posted a standalone net profit of Rs 1,017.47 crore in the fourth quarter of FY 2018-19, 108 percent up compared to Rs 487.95 crore in the same period last year. A CNBC-TV18 poll estimated a net profit of Rs 780 crore.


Q4 EBITDA rose to Rs 2,353 crore this year from Rs 1,814 crore in the year-ago quarter. The company said its domestic sales volume rose 16% in the March quarter boosted by 100 percent utilisation of clinker capacity and cement grinding facility at Manavar, Madhya Pradesh.

The company reported a consolidated net profit of Rs 1,034.21 crore in the quarter ended March 30, compared to Rs 446.13 crore a year ago. Consolidated revenue from operations rose 17.3 percent to Rs 10,905.15 crore in the quarter, compared to Rs 9,290.29 crore in the same period last year.

Ultratech Cement said the industry has seen a rise in demand and a double-digit growth after two years of tepid growth. However, it said, new capacity addition has been relatively low.

The Q4 earnings also include results from cement plants acquired from Jaiprakash Associates Ltd and Jaypee Cement Corp, the company said.

The board of directors declared a dividend of Rs 11.50 per share.

On the Century Textiles deal, the company said it is awaiting approval from the National Company Law Tribunal. Upon completion of the deal, the company's cement manufacturing capacity will rise to 113.4 mts in India, making it the third largest cement player globally (excluding China).
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