21 January 2017
UltraTech Cement Limited, an Aditya Birla Group Company, today announced its unaudited financial results for the quarter ended 31st December, 2016.
FinancialsNet Sales stood at Rs. 5,927 crore as compared to Rs. 6,013 crore in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax was Rs. 1,280 crore as compared to Rs.1,274 crore in the corresponding period of the previous year. Profit after Tax was up 5 per cent, from Rs. 567 crore in Q3FY16 to Rs. 594 crore in Q3FY17.
On a standalone basis Net Sales stood at Rs. 5,540 crore as compared to Rs. 5,652 crore in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax was Rs.1,210 crore as compared to Rs. 1,204 crore in Q3FY16.
The figures for the quarter ended 31st December, 2015 have been restated as per IndAS.
Greenfield expansion The Board of Directors have approved the setting up of a 3.5 MTPA integrated cement plant at Dhar, Madhya Pradesh at a total cost of around Rs. 2,600 crore. Commercial production from the plant is expected to commence by Q4FY19. This plant will help in reduction of lead distance and cater to the markets of south-west Madhya Pradesh, where the Company is not a significant player.
With this expansion and the acquisition of the cement plants of Jaiprakash Associates Limited, the Company’s cement capacity will stand augmented to 95 MTPA including its overseas operations.
OutlookContinuing government spending on infrastructure, development of smart cities, interest rate cuts supported by interest subsidy schemes for housing will be the key demand drivers.
Dr. Pragnya RamGroup Executive President, Corporate Communications & CSRAditya Birla Management Corporation Private LimitedAditya Birla Centre, 1st Floor, 'C' WingS.K. Ahire Marg, WorliMumbai 400 030.
91-22-6652 5000 /2499 5000
Fax: 91-22-6652 5741/ 42