Advertisement
Thursday, Dec 09, 2021
Outlook.com
Outlook.com

UltraTech Registers 14.4 Per Cent Rise In Revenues As Infra Activity Picks Up

Commenting on its outlook, UltraTech stated recovery in rural housing, a normal monsoon and a pick-up in infrastructure activity would potentially lead to a recovery in cement demand off-take.

UltraTech Registers 14.4 Per Cent Rise In Revenues As Infra Activity Picks Up
UltraTech Registers 14.4 Per Cent Rise In Revenues As Infra Activity Picks Up
outlookindia.com
2021-10-18T16:56:32+05:30

Cement manufacturer UltraTech's consolidated revenues rose approx 14.4 per cent on a year-over-year basis to reach Rs 11,743 crore in the second quarter. This came as the company registered growth in volumes as infrastructure activities took off following a period of lull owing to the second wave of the COVID-19 pandemic. Housing activities,  however, was on a de-growth trajectory in several states. 

Profit after taxes remained nearly flat compared to the corresponding period last year at Rs 1,314 crores. It was Rs 1,309 crores in the second quarter of the last fiscal year. 

Additionally, the manufacturer informed that coal and pet coke prices nearly doubled this quarter which resulted in energy prices peaking by 17 per cent on a year-over-year comparison. It added however that the impact was partially offset by lowered power consumption and other operational efficiencies. 

Commenting on its outlook, the manufacturer stated recovery in rural housing, a normal monsoon and a pick-up in infrastructure activity would potentially lead to a recovery in cement demand off-take. Nevertheless, it cautioned that increasing inputs prices like that of coal, pet coke and diesel continue to pose a challenge for the industry. 

It added that in order to absorb the headwind pressures the company may have to increase selling prices alongside sustainable efficiency improvement programmes. 

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Farmers' Agitation Suspended; Samyukta Kisan Morcha To Hold Meeting On Jan 15

Farmers' Agitation Suspended; Samyukta Kisan Morcha To Hold Meeting On Jan 15

Farmers will start vacating Delhi border points from Dec 11, this may take some time, says farmer leader Rakesh Tikait.

Farmers' Agitation: Is it Historic Victory For Farmers?

Farmers' Agitation: Is it Historic Victory For Farmers?

Observers consider it even bigger than the anti-displacement land movement of 2006-08 in Singur-Nandigram-Kalinganagr resulting in the scrapping of an archaic land acquisition act in 2013.

How Disdainfully Has BCCI Sacked Virat As ODI Captain

How Disdainfully Has BCCI Sacked Virat As ODI Captain

The decision to ease Virat Kohli out as ODI captain could have been more professionally handled. All BCCI did was mention a line in a release naming the Test squad to South Africa.

Farmers’ Agitation: 'Charddi Kla’ And Stoicism That Defined ‘Anndata’s’ Success

Farmers’ Agitation: 'Charddi Kla’ And Stoicism That Defined ‘Anndata’s’ Success

Farmers’ agitation suspended: The modified tractors fitted with music systems started snarling through the protest camping site at Singhu, while the farmers chanted slogans.

Advertisement