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 sales 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.)