UltraTech Cement Q1 revenue grows two-folds to Rs 1,700 cr; web gross sales up 54%


Aditya Birla group agency UltraTech Cement Ltd on Thursday reported an over two-fold soar in its consolidated web revenue to Rs 1,700 crore within the first quarter ended June 2021, helped by quantity progress and elevated operational efficiencies.

The main cement producer had posted a web revenue of Rs 793.08 crore within the April-June quarter a 12 months in the past, UltraTech Cement stated in a BSE submitting.

Its income from operations was up 54.21 per cent to Rs 11,829.84 crore throughout the quarter underneath evaluate as in opposition to Rs 7,671.05 crore within the corresponding interval of the final fiscal.

UltraTech Cement’s whole bills have been at Rs 9,508.26 crore, up 43.22 per cent, in Q1/FY 2021-22 as in opposition to Rs 6,638.90 crore.

Through the quarter, its consolidated quantity was at 21.53 million metric tonnes, registering a year-on-year progress of 47 per cent.

“Manufacturing prices throughout the quarter elevated 11 per cent YoY, primarily on account of upper gas costs,” stated UltraTech in a publish incomes assertion.

The corporate continues to keep up tight management on prices and money move with a give attention to operational efficiencies, it added.

“This has enabled UltraTech to realize an efficient capability utilisation of 73 per cent throughout the quarter as in opposition to 46 per cent in Q1FY21,” stated UltraTech Cement.

Whereas sharing updates over Covid-19, it stated the virulent second wave “marginally” impacted cement demand.

“UltraTech is monitoring the impression of the second wave of the pandemic on its operations,” the assertion stated including the corporate continues to accord utmost primacy to the protection and well-being of its workers and enterprise companions.

Updating over the capital expenditure, UltraTech stated firm’s growth programme is on monitor and estimated to be accomplished by on the finish of FY23.

“On completion, the capability will probably be augmented to 136.25 MT. Covid did trigger some delays attributable to labour shortages and lockdowns,” it stated including nonetheless, the corporate expects to fee all of the tasks as per the unique schedule.

Over the outlook, UltraTech stated with projections of a probable third wave, the corporate is intently monitoring the state of affairs.

“It stays cautiously optimistic, given its inherent monetary and operational assets and the federal government’s persevering with thrust on infrastructure actions and housing development,” stated UtraTech.

Shares of UltraTech Cement Ltd on Thursday ended at Rs 7,459.85 on the BSE publish afternoon, up 0.49 per cent from the earlier shut.

(Solely the headline and film of this report could have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)

Expensive Reader,

Enterprise Customary has all the time strived arduous to supply up-to-date data and commentary on developments which are of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on tips on how to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these tough occasions arising out of Covid-19, we proceed to stay dedicated to holding you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.

We, nonetheless, have a request.

As we battle the financial impression of the pandemic, we’d like your assist much more, in order that we are able to proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from a lot of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the targets of providing you even higher and extra related content material. We imagine in free, truthful and credible journalism. Your assist by way of extra subscriptions will help us practise the journalism to which we’re dedicated.

Help high quality journalism and subscribe to Business Standard.

Digital Editor

Source link


Please enter your comment!
Please enter your name here