UltraTech Cement, belonging to Aditya Birla Group, has reported a 55 per cent growth in standalone net profit at Rs.410 crore for the quarter ended September 30, 2014, against Rs.264 crore in the same period in the previous year.
Standalone net sales stood at Rs.5,382 crore as compared to Rs.4,503 crore in the same period last year, up 19.5 per cent. The company’s combined cement and clinker sale was 10.35 million tonnes (MT) as compared to 9.22 MT in the same period last year.
“During the quarter, domestic cement sales volume increased by 11 per cent on the back of higher demand and additional volume from the acquired units in Gujarat. Costs were impacted mainly on account of increase in prices of petcoke, input material and royalty on limestone,” UltraTech Cement said in a statement.
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On a consolidated basis, the company’s net profit went up by 47 per cent to Rs.416 crore as compared to Rs.283 crore in the same period last year. Net sales stood at Rs.5,723 crore as compared to Rs.4,849 crore in the same period last year
UltraTech Cement said its ongoing capex was on track. The company commissioned a 1.4 MT cement mill at Rajashree Cement, Karnataka and a 25 MW thermal power plant at Tadipatri. With this the company’s total cement capacity has gone up 60.2 MT and the total power capacity to 733 MW which caters to 80 per cent of Ultra Tech’s power requirement.