Financial results for the quarter ended 30 September 2011

1st November, 2011

20 October 2011

Financial results for the quarter ended 30 September 2011

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UltraTech Cement Limited, an Aditya Birla Group Company, today announced its unaudited financial results for the quarter ended 30th September, 2011.

Financials
Net sales stood at Rs.3,910 crores as compared to Rs.3,215 crores in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax is Rs.685 crores and Profit after Tax is Rs.279 crores vis-a-vis Rs.476 crores and Rs.116 crores respectively, in the corresponding period of the previous year.

Although year-on-year performance indicates an improvement on account of a lower base effect, on a sequential basis, the company’s performance was subdued, given the lower demand, lower realisation and substantial increase in costs.

The combined domestic cement and clinker sales of grey cement was 8.94 MnT (8.76 MnT) while it was 2.19 LmT (1.92 LmT) for white cement and wall care putty.

The overall economic slowdown impacted the company’s performance during the quarter. Variable cost rose by 14 per cent because of the increase in input and energy costs. The 30 per cent increase in the price of domestic coal, continuous rise in prices of imported coal together with escalation of freight costs due to the diesel price hike have constrained the company’s performance.

Outlook
The surplus scenario is likely to continue over the next two to three years. At the same time, growing input costs will result in a squeeze in margins.

For more information, contact:
Dr. Pragnya Ram
Group Executive President
Corporate Communications & CSR
Aditya Birla Management Corporation Private Limited
Tel: 91-22-6652 5000 / 2499 5000
Fax: 91-22-6652 5741/ 42
Email: pragnya.ram@adityabirla.com