UltraTech Cement, country's largest cement maker by
market cap reported a higher than expected growth of 19.3% year-on-year in its
net profit at Rs 867 crore for the March. quarter of FY12.
Revenues were in-line with expectations , which
increased 19.9% to Rs 5,337 crore from Rs 4,490.1 crore during the same
period mainly on the back of increased prices.
CNBC-TV18 poll expected revenues at Rs 5,290 crore and net
profit at Rs 691 crore.
UltraTech will pay Rs 8 a share as a dividend.
For the financial year ended March, net profit was up 42%
to Rs 2,446 crore YoY, while sales were also up 18% to Rs 18,166 crore
YoY.
Meanwhile, volume sales were recorded at 11.7 metric tonnes,
up 11.3% YoY, which is considered good for the company. Other income is
reported at Rs 2 billion as against analyst estimates of Rs 0.7 billion.
The reason for this rise in other income is due to profit booked on treasuries.
The company said its other expenses on per tonne basis also
came down sharply, 14% YoY. The management attributed this to better production
efficiencies. The company expects the industry to grow at 8% linked to
government's focus on infrastructure development.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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