Page 16 - Ultratech Cement

UltraTech Cement hits 52-week low post September-quarter results

The stock hit a 52-week low of Rs 3,488, down 3.3%, extending its Fridays 3.2% decline on the BSE.

Cost pressures intensify for UltraTech in Q2, analysts foresee price hike

Realisation improvement remains crucial for profitability, which is expected post festive season

Ultratech Cement's Q2FY19 profit drops 9.4%, misses market expectations

Company's revenue from operations jumped 20.9% to Rs 77.71 bn while total expenses rose 23.5% in the quarter ended September 30, 2018

UltraTech gets CCI nod to acquire Century Textiles cement business

Aditya Birla Group firm UltraTech has received an approval from Competition Commission for the acquisition of the cement business of Century Textiles and Industries

Cost pressures weigh on UltraTech Cement in Q1; net profit down 33%

Despite strong volume growth, cost increases outweighed realisation improvement, hurting profits

UltraTech Cement posts first-quarter profit of Rs 5.98 bn, beats estimates

Analysts on average were expecting the country's largest cement manufacturer to post a profit of Rs 5.58 billion

Binani Cement's acquisition can make UltraTech market leader in north India

UltraTech currently has 19% market share with Shree Cement commanding 22% of the market

Cement companies under pressure; UltraTech Cement, Ambuja hit 52-week low

India Cements, Sanghi Industries, Birla Corporation, Andhra Cements, Orient Cement, NCL Industries and Mangalam Cement were down 30% to 40% thus far in 2018.

UltraTech Cement, NTPC among 19 stocks in BSE500 that hit their 52-week low

India Cements, Shree Cement, CG Power, Cummins India, Inox Wind, JK Lakshmi Cement, Kirloskar Oil Engines and MRPL were among 19 stocks from the S&P BSE 500 index hitting their respective 52-week lows

Minority shareholders question Century Textiles-UltraTech Cement deal

Bilateral agreement process and valuation on the radar

Insolvency: NCLT verdict on UltraTech Cement proposal likely by July 10

However, SC's approval needed for takeover

UltraTech Cement's Q4 profit falls 38.5% to Rs 4.5 bn on higher expenses

Shares of Ultratech Cement today settled at Rs 4,114 on BSE, down by 0.26% from the previous close

UltraTech Cement commissions new plant in Madhya Pradesh; stock up 4%

The stock has moved higher by 4% to Rs 4,152 on the BSE.

CCI approves UltraTech's acquisition of Binani Cement for Rs 72.66 bn

UltraTech's offer came days after rival Dalmia Cement said its Rs 6,350 crore bid to buy BCL has been accepted by the lenders

RP not running transparent process: KK Maheshwari, MD, UltraTech

Fraud allegation report was not given to the bidders in the data room, and this has certainly come as a big surprise to us, he said.

News digest: UltraTech to buy Binani Cement, telecom battle, and more

Banks Board Bureau (BBB) Chairman Vinod Rai on Monday hit out at the government for sitting over its slew of recommendations for public sector banking reforms

UltraTech Cement closer to acquiring Binani; seeks CCI nod for takeover

Dalmia Bharat Cement had made a slightly better offer at Rs 63 billion, but is likely to lose as UltraTech has offered equity stake to creditors

UltraTech Cement gains on board nod for expansion, increase in FII limit

The stock was trading 2% higher at Rs 4,236 on the BSE after the company said its board approved the setting up of a 3.5 mtpa integrated cement plant at Pali, Rajasthan

Will turn around JP assets in 3-4 years: Kumar Mangalam Birla

The Birla firm had completed the acquisition in June

UltraTech's volumes disappointment a blip

UltraTech's performance for the quarter ending June disappointed the street, mainly on volume front. With its pan India peer, ACC reporting double-digit volume growth a day ago, flat volumes by UltraTech weighed on street's sentiment. The street was expecting a 3-5 per cent increase in volumes. Analysts at ICICI Securities, for instance, had estimated volumes at 13.9 million tonnes (MT) whereas actual came at 13.2 MT they said. Analysts at Motilal Oswal Securities, too, had expected cement volumes to grow 4 per cent year-on-year led by growth in North and East markets. With flat volumes for the quarter, net sales at Rs 6,533 crore for the standalone entity (domestic operations, excluding Star Cement UAE) grew just 5.7 per cent year-on-year and were well short of Bloomberg consensus estimate of Rs 6,840 crore.However, the performance in terms of profitability was good even as costs increased. The Ebitda at Rs 1,597 crore grew by 12.4 per cent year-on-year and was better than Rs 1,489 ..