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1st May, 2018
| UltraTech reports 21% jump in volumes; EBITDA up 15% Mumbai, 25th April, 2018 Rs. in crores |
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Consolidated |
Standalone |
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Quarter ended |
Year ended |
Quarter ended |
Year ended |
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31.03.18 |
31.03.17 |
31.03.18 |
31.03.17 |
31.03.18 |
31.03.17 |
31.03.18 |
31.03.17 |
Net Sales |
9,298 |
6,922 |
30,973 |
25,092 |
8,881 |
6,500 |
29,363 |
23,616 |
PBIDT |
1,887 |
1,577 |
6,729 |
5,861 |
1,809 |
1,518 |
6,478 |
5,629 |
PAT* |
724 |
726 |
2,534 |
2,714 |
677 |
688 |
2,420 |
2,628 |
UltraTech Cement, an Aditya Birla Group company today announced its financial results for the year ended 31st March, 2018.
During Q4FY18, the Company recorded a robust growth of 31% in volumes with a 5% increase in realisations. The quarter continued to witness increase in input costs attributable to rise in pet coke and coal prices and the ban on pet coke usage in TPPs. Regardless, the Company registered a 19% PBIDT growth during the quarter and a 15% PBIDT growth for the year.
Financials
Q4FY18
Consolidated Sales during Q4FY18 were Rs. 9,298 crores vis-à-vis Rs. 6,922 crores for the corresponding period of the previous year. Profit before interest, depreciation and tax is Rs. 1,887 crores, against Rs. 1,577 crores.
On a standalone basis, Net Sales stood at Rs. 8,881 crores as compared to Rs. 6,500 crores in the corresponding period of the previous year. EBITDA is Rs. 1,809 crores compared to Rs. 1,518 crores last year. PAT before onetime adjustments stood at Rs. 677 crores as against Rs. 688 crores previous year. This is inspite of interest costs going up Rs.182 crores. A onetime provision for stamp duty of Rs. 226 crores and Rs. 41 crores for deferred tax due to the change in tax rates has resulted in reported PAT of Rs. 488 crores.
FY18
Consolidated Sales stood at Rs. 30,973 crores against Rs. 25,092 crores in the previous year. Profit before interest, depreciation and tax is Rs. 6,729 crores vis-à-vis Rs. 5,861 crores.
On a standalone basis, Net Sales stood at Rs. 29,363 crores as compared to Rs. 23,616 crores in the previous year. Profit before Interest, Depreciation and Tax is Rs. 6,478 crores vis-a-vis Rs. 5,629 crores.
Dividend
The Board of Directors at their meeting held today recommended a dividend of 105%, at the rate of Rs. 10.50 per equity share of face value of Rs. 10/- each aggregating Rs. 288.34 crores. The Company will absorb the Dividend Distribution Tax amounting to Rs. 59.27 crores, resulting in a total payout of Rs. 347.61 crores.
