Page 3 - Ultratech

UltraTech Q1 profit after tax surges 7% on back of higher volumes

In Friday's trade, UltraTech's shares closed at Rs 8126.50 per share, down 1.18 percent on the BSE

Demand revival hopes, lower costs driving optimism for UltraTech Cement

While India's largest cement maker is adding capacities to gain market-share, margins are also seen improving

UltraTech Cement Q1 consolidated sales increased by 19.64% to 29.96 MT

Leading cement maker UltraTech's consolidated sales increased 19.64 per cent to 29.96 million tonne (MT) in the first quarter ended June 2023. The company produced 25.04 MT of cement in the April-June quarter a year ago, Aditya Birla Group firm said in a regulatory filing on Saturday. Its total sales volume in the domestic market rose 19.87 per cent to 29.01 MT during the quarter under review. It was 24.20 MT in Q1 FY23. Its grey cement production in the domestic market was 28.60 MT in the June quarter of FY24, a 20 per cent growth, while its white cement production was 0.41 MT, up 11 per cent. UltraTech's overseas production, mainly grey cement, was 1.04 MT in Q1 FY24, up 10.63 per cent. The company registered a "capacity utilisation of 90 per cent for the quarter," it added. UltraTech has a consolidated capacity of 135.55 million tonnes per annum (MTPA) of grey cement. It has 23 integrated manufacturing units, 29 grinding units, one clinkerisation unit and eight bulk packaging

Dalmia Bharat lines up Rs 19K cr to battle Adani, UltraTech Cement

Housing, infra push to raise demand for cement, according to MD and CEO Puneet Dalmia

UltraTech to ACC, cement stocks strengthen on price hikes of Rs 5-15/bag

Cement demand remains firm amid a pick-up in construction and infra activities

Stocks to Watch: Adani Group, LIC, L&T, Tech M, Inox, Leisure, GAIL, IOC

Stocks to Watch today: Stock exchanges BSE and NSE on Monday revised the circuit limits for three Adani group companies - Adani Total Gas, Adani Transmission, and Adani Green Energy - from 20% to 10%

Ultratech drops out of race to buy Jaiprakash Associates' cement assets

Lack of agreement over valuation spurs decision; deal would have provided relief to Indian lenders, which have an exposure of Rs 28,753 crore to Jaiprakash

India Cements looks to fortify base but future growth remains a question

ICL's challenges come at a time when the cement industry in India is under pressure owing to a sharp rise in raw material prices leading to a lower capacity utilisation of around 64%

UltraTech to ramp up domestic cement capacity by a third by FY26

Cement major on track to reach 131.25 mtpa by Q4

UltraTech Cement's Q2 net profit falls 42% to Rs 759 cr; net sales rise 16%

Aditya Birla group firm UltraTech Cement Ltd on Wednesday reported a decline of 42.09 per cent in its consolidated net profit at Rs 758.70 crore for the second quarter ended on September 30, 2022. The company had posted a net profit of Rs 1,310.34 crore in the July-September period a year ago, UltraTech Cement said in a BSE filing. Its revenue from operations rose 15.61 per cent to Rs 13,892.69 crore during the quarter under review as against Rs 12,016.78 crore in the corresponding period of the last fiscal. According to UltraTech, the second quarter is traditionally a weak one for the cement sector, with lower demand as construction activity slows down during monsoons. "Demand was low during July and August 2022, showing some sign of revival in September 2022," said UltraTech in its earnings statement. UltraTech's total expenses were at Rs 12,934.27 crore, up 26.68 per cent in Q2/ FY23, as against Rs 10,209.43 crore a year ago. Shares of UltraTech Cement Ltd were trading at Rs .

Adani's foray expected to trigger consolidation in cement industry

Adani, Ultratech, Dalmia Bharat, Shree Cement to buy smaller companies, say analysts

India Inc's green push gets a fillip with amended Energy Conservation Bill

Share of thermal energy for manufacturing companies almost 95%

UltraTech profit falls 7% due to increased fuel and power costs hit

It still beat Q1 estimates despite decline on both YoY and sequential bases

UltraTech Q1 net profit falls 7% to Rs 1,582.02 cr; net sales rise 28%

Aditya Birla group firm UltraTech Cement on Friday reported a decline of 6.94 per cent in its consolidated net profit at Rs 1,582.02 crore in the June 2022 quarter, impacted by inflationary trends. The company had posted a net profit of Rs 1,700.03 crore in the April-June period a year ago, UltraTech Cement said in a BSE filing. Its revenue from operations was up 28.18 per cent to Rs 15,163.98 crore during the quarter under review as against Rs 11,829.84 crore in the corresponding period of the last fiscal. "After a strong end to FY22, cement demand was impacted by overall inflationary trends and lower labour availability in May 2022. However, cement demand picked up in June 2022 on pre-monsoon construction activity," said UltraTech Cement in its earnings statement. The company's total expenses were at Rs 12,980.06 crore, up 36.51 per cent in Q1 FY23 as against Rs 9,508.26 crore. Shares of UltraTech Cement Ltd were trading at Rs 6,398.80 on BSE on Friday, up 4.40 per cent from the

How Indian cement maker Ultratech bought Russian coal using yuan

There is no suggestion that the purchase, the particulars of which have not previously been reported, in any way breaches sanctions imposed on Russia in the wake of its invasion of Ukraine

UltraTech expansion plans suggest higher competition likely in cement biz

Other key players have also announced plans to significantly raise capacities

UltraTech announces Rs 12,886 cr capex plan as competition grows in cement

Bracing for stiff competition, the firm looks to boost capacity by 22.6 mtpa

UltraTech, JSW lost Ambuja race due to CCI concerns: Holcim CEO

The CEO said the smoothness of the execution of such a transaction was a major factor in taking the decision.

What UltraTech and JSW Cement plan to do after losing Holcim deal to Adani

Speeding up capacity expansion would be top focus area, said analysts

Ultratech in talks with rival cement firms, PEs on asset divestiture plans

India's largest firm in the sector seeks more time from Switzerland's Holcim to make a bid for Ultratech and ACC.