Page 5 - Ultratech

Volume growth, realisations and cost controls help UltraTech beat estimates

Despite being twice the size of ACC, UltraTech's domestic sales volume at 18.52 million tonnes (MT) grew 20 per cent year-on-year

Fresh demand for cement seen improving in FY21: Atul Daga of Ultratech

In a Q&A, the CFO of the firm says he sees a spike in costs as it looks to spend on marketing, advertising and branding in the coming months

Hindalco to supply 1.2 mn tonne red mud to Ultratech in new deal

Move will help cement maker reduce dependence on natural resources and promote circular economy; Red mud is a waste product generated in alumina production

Covid-19 impact: Nifty50 scorecard shows worst profit slump in 6 years

Profits at NSE Nifty 50 Index members fell about 15% last quarter from the same period last year, the worst drop since at least 2014, according to Bloomberg-compiled data.

Earnings drought

Corporate results would get a lot worse in the coming quarters

UltraTech is now Asia's second-most valuable cement company by m-cap

UltraTech and Shree Cement now together account for a fifth of the combined m-cap of Asia's leading listed cement makers, against their 6 per cent share in industry's revenues

Soft demand weighs on UltraTech's Q3 volumes; misses Street expectations

Declining costs, recent uptick in cement prices, improving utilisation levels and turnaround of acquisitions should drive future performance

Shree Cement, UltraTech likely to benefit from any uptick in demand

While UltraTech and Shree Cement have risen 13-16 per cent since their December lows, ACC and Ambuja Cements have lagged, with gains of 6-9 per cent

UltraTech Cement: Street watchful on valuations of new acquisition

Post consolidation of Century and Binani Cement assets, new acquisitions at stretched valuations may not bode well, say analysts

UltraTech to sell stake in Bangladesh-based units to HeidelbergCement

UltraTech Cement had a revenue of Rs 35,703.50 crore in 2018-19 financial year

Change in Binani brandname, quality upgrade spur UltraTech turnaround

The last part of the series on the Insolvency and Bankruptcy Code takes a look at how Ultratech's acquisition of Binani helped it become North India's biggest cement firm by capacity

Birla Corp contests UltraTech's copyright violation claim over use of name

Its argument is based on the grounds that the use of the word 'Ultra' is neither a copyright violation, nor does UltraTech have exclusive rights over the word under dispute

Dismal volumes, high costs major overhangs in Q2 performance of UltraTech

Weak demand and monsoon impacted volumes, while net profit missed estimates due to higher expenses

Weak volumes take sheen off UltraTech Cement's Q1 show; stock falls over 2%

Better realisations though helped post strong profitability and helped company beat analysts' expectations

K M Birla's remuneration from UltraTech falls 18.8% to Rs 15.5 crore

Birla, 52, had received an annual salary of Rs 19.13 crore in FY 2017-18

FY20 focus would be debt reduction, improving cost efficiency: UltraTech

The debt reduction focus will continue into FY21, said Atul Daga, chief financial officer for UltraTech

Ultratech bets on Jaypee formula to up output at Binani, Century Cement

Ultratech's acquisition spree has also led to an increase in debt for the company

UltraTech board accepts proposal to incorporate Binani Cement as subsidiary

UltraTech is extremely well positioned to turnaround BCL's operations

UltraTech Cement walks a long road with Jaiprakash Associates' assets

It plans to achieve a breakeven at the profit before tax level for these acquired assets in the April-June 2019 quarter

Mapping insolvency: UltraTech open to raising Binani Cement offer

UltraTech Cement recently upped its offer to Rs 79.6 billion after a second round of revision, outbidding Dalmia Bharat's offer by Rs 11 billion