Mumbai 29th July, 2013
Un-audited Financial Results for the Quarter ended 30th June, 2013
| Particulars | Q1FY’14 | Q1FY’13 |
|---|---|---|
| Net Sales | 4,958 | 5,072 |
| PBIDT | 1,237 | 1,377 |
| PAT | 673 | 778 |
UltraTech Cement Limited, an Aditya Birla Group Company, today announced its unaudited financial results for the quarter ended 30th June, 2013.
Financials
Net Sales stood at Rs.4,958 crores as compared to Rs.5,072 crores in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax is Rs.1,237 crores and Profit after Tax is Rs.673 crores vis-a-vis Rs.1,377 crores and Rs.778 crores respectively, in the corresponding period of the previous year.
The combined domestic cement and clinker sales was 9.88 MnT (9.94 MnT) while it was 2.50 LmT (2.26 LmT) for white cement and wall care putty.
The quarter witnessed an increasing trend in logistics and raw material cost, linked to increase in railway freight and diesel prices. The benefit of softening in prices of imported coal was partly offset by the depreciation in rupee.
Capex
The clinkerisation plant of 3.30 Mn.Mt in Karnataka has been commissioned. The Board has further sanctioned capex of Rs.2,100 crores towards setting up of grinding units and ready mix concrete plants across the country and also towards modernisation. With this the total capex under implementation is around Rs.13,700 crores. The Company is in the process of ramping up capacity by another 10 million tonnes by 2015. This will result in total cement capacity getting augmented to 64.45 million tonnes.
Outlook
The outlook continuous to remain challenging. Demand growth in FY14 is likely to be around 6%, though over the long run it is likely to be over 8%. The key value drivers will be housing demand and infrastructure spending.