Financial Daily from THE HINDU group of publications
Sunday, Jan 22, 2006
Financial Daily from THE HINDU group of publications Sunday, Jan 22, 2006 |
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Corporate Results
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Cement UltraTech Cement Q3 net rises on export realisations
MUMBAI: UltraTech Cement Ltd has reported a net profit of Rs 24 crore for the third quarter of the current fiscal as against a loss of Rs 11 crore in the corresponding year-ago fiscal, on improved domestic and export realisation despite reduced sales volumes. Aggregate sales volumes at 38.04 lakh tonnes, dipped slightly, from 40.86 lakh tonnes. Effective cement capacity utilisation too was lower at 87 per cent. But better realisations led to net sales effectively rising by 5 per cent (after adjusting freight and trading sales impact) to Rs 783 crore. Exports constituted 20 per cent of sales. The company is increasing the share of cement exports in its export mix. Cement constitutes 51 per cent of the total exports of the company, a news release said. Operating profit was reported at Rs 117 crore (Rs 58 crore). Interest costs amounted to Rs 23 crore (Rs 25 crore) and depreciation Rs 51 crore (Rs 52 crore). Tax expenses were recorded at Rs 9 crore (Rs 8 crore).
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