Understanding UltraTech Cement Q2 Results

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Understanding UltraTech Cement Q2 Results
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The Mumbai-based cement manufacturer, UltraTech Cement (NS: ULTC ) has released its earnings report for the quarter ending September 2021, on Monday.

The Aditya Birla Group subsidiary has reported a net profit (after tax) of Rs 1313.5 crore for the second quarter of FY22, which though is over 20% less than the figure recorded for the previous quarter, is 12.6% higher year-to-year.

In terms of revenue garnered from operations, the company outperformed the analysts’ expectations and marked a 15.7% growth on a YoY basis to Rs 12,017 crore for the September quarter.

The cement manufacturer’s EBITDA for the second quarter of FY22 increased marginally by 0.6% YoY to Rs 2,714.7 crore. 

Due to multiple factors like prolonged monsoons hampering demand, hiked coal prices, along with increasing prices of oil causing spikes in freight costs, the company’s overall performance has improved on a YoY basis but marginally reduced in sequential basis terms.

Additionally, UltraTech Cement’s business volume was recorded to be Rs 2,714.7 crore, missing analysts’ estimate of 20.65 million tonnes.

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  • ramesh chowdhary @ramesh chowdhary
    Use correction to buy
    Like 0
  • Mister Hopper @Mister Hopper
    sell for 7000 TGT
    Like 3
    • Mirza Beg @Mirza Beg
      ultra Tec Cement is fast and Growing share in future sure Profit.
      Like 1
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