UltraTech Cement Q4 net profit at Rs 1,014 cr, domestic sales volume jumps 16%; shares surge 5.5%
In a separate filing UltraTech Cement has informed the BSE that its board in a meeting held on Wednesday has recommended a dividend of Rs 11.50 per equity share of Rs 10 each for the year ended 31 March, 2019.
The company's total expense in the fourth quarter of 2018-19 came at Rs 9,554.43 crore.
The clinker capacity and cement grinding facility at Manavar stabilised with the clinker capacity operating at 100% utilisation
For the 2018-19 financial year, UltraTech Cements net profit stood at Rs 2,431.59
New Delhi: Aditya Birla Group firm UltraTech Cement on Wednesday reported a consolidated net profit of Rs 1,014.19 crore for the fourth quarter ended 31 March.
The company had posted a net profit of Rs 446.13 crore in the January-March quarter a year ago, UltraTech Cement said in a BSE filing.
The company's total income stood at Rs 11,031.27 crore during the quarter under review. It was Rs 9,401.39 crore in the corresponding period previous fiscal.
Meanwhile, UltraTech informed that its result for the quarter and the financial year ended 31 March, "are not comparable with the previous period" due to merger of Binani Cements into the company, which has now been named as UltraTech Nathdwara Cements.
Its total expense in the fourth quarter of 2018-19 came at Rs 9,554.43 crore.
"Domestic sales volume jumped 16 percent over Q4FY18. The clinker capacity and cement grinding facility at Manavar, Madhya Pradesh have stabilised with the clinker capacity operating at 100 percent utilisation. Variables cost were up 3 percent over Q4FY18 on account of higher fuel prices and impact of rupee depreciation," the company said.
For the 2018-19 financial year, UltraTech Cements net profit stood at Rs 2,431.59. It was Rs 2,224.46 crore in FY 2016-17.
Its total income were at Rs 37,817.27 crore in 2018-19, as against Rs 32,461.02 crore in the previous fiscal.
Meanwhile, in a separate filing UltraTech Cement has informed the BSE that its board in a meeting held on Wednesday has recommended a dividend of Rs 11.50 per equity share of Rs 10 each for the year ended 31 March, 2019.
The shares of the company jumped 5.5 percent on Wednesday after it announced its fourth quarter results.
The scrip gained 5.51 percent to close at Rs 4,435.45 on the BSE. During the day, it advanced 5.54 percent to Rs 4,436.75.
At the NSE, shares of the company went up by 5.56 percent to close at Rs 4,432.
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The CoC did not approve the offer from its promoters Binani Industries, which is pitching for Rs 7,266 crore offer from the Aditya Birla Group firm UltraTech Cement, due to legal implications, sources said.
UltraTech Cement tabled a fresh offer, for Binani, to the resolution professional on 14 April. But, a new problem seems to have surfaced.
Binani Cement lenders vote in favour of UltraTech's Rs 7,960 cr offer; override CoC decision favouring Dalmia Bharat
UltraTech now becomes the H1 bidder, replacing Rajputana Properties - the bidding company for the Dalmia Bharat-led consortium