UltraTech Cement 's
net profit grew by 97% year-on-year to Rs 550 crore in the three months period
ended September 30, 2012, which was completely in-line with estimates.
Net sales rose by 20% to Rs 4,699.6 crore from Rs 3,908
crore during the same period, which was slightly above the expectations of Rs
4,585 crore.
Profit before interest, depreciation and tax reported at Rs
1,076 crore in the second quarter of FY13 as against Rs 684 crore in a year ago
period, which too was above forecast of Rs 991.5 crore.
The company said the combined domestic cement and clinker
sales stood at 9.06 MT for the quarter.
Variable cost grew by 8% as compared to a year ago period.
"This was mainly on account of higher raw material prices which are linked
to the last increase in railway freight and increase in diesel prices. The
benefit of softening in prices of imported coal was partly offset by the
depreciation in rupee," the company said.
The company’s Initiative towards setting up of additional
clinkerisation plants at Karnataka and Chhattisgarh are progressing on
schedule. “These are expected to be operational from early FY14. Consequently,
the company's cement capacity will be enhanced by 10.2 mtpa."
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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