Ultratech Cement's Q2 profit up 47% at Rs 416 cr

Ultratech Cement today reported 47 per cent increase in consolidated profit after tax for the July-September quarter at Rs 416 crore on higher sales.

The Aditya Birla Group flagship had clocked Rs 283 crore profit in the same quarter of 2013-14 fiscal, Ultratech said in a statement.

Its net sales rose to Rs 5,723 crore for the second quarter of the current fiscal, from Rs 4,849 crore a year ago on higher sales of cement and wall care putty.

The company's cement and clinker sales stood at 10.35 million tonne in Q2, 2014-15 compared to 9.22 MT in the year- ago period. White cement and wall care putty sales rose to 3.02 MT from 2.94 MT.
 

Stating that its on-going capex plan is on track, the company said its capacity stood at 60.2 MT after commissioning a 1.4 MT cement mill in Karnataka during the quarter.

Ultratech has 733 MW power generation capacity which suffices its 80 per cent power requirement.

"Cement demand is slated to grow over 8 per cent. The key value drivers will be renewed government focus on housing and infrastructure spending," it said on the industry outlook.