Ultratech Cement's net profit falls 38% to Rs 796 cr for Q1FY21

New Delhi: Aditya Birla Group company Ultratech Cement Ltd’s consolidated net profit went down 38 percent to Rs 796 crore for the first quarter of the current fiscal as compared to Rs 1,281 crore in the corresponding quarter of the previous fiscal. 

The consolidated revenue from operations fell 33 percent to Rs 7,633 crore in first quarter of the current fiscal as compared to Rs 11,419 crore in the corresponding quarter if the previous fiscal.

The company said that the corona virus pandemic has impacted the businesses worldwide and in India. The company clocked EBIDTA of Rs 159 crore in the quarter under review and profit before tax of Rs 26 crore. 

The total expenses of the company went down to Rs 6,598 crore the first quarter of the current fiscal as compared to Rs 9,661 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

The company achieved EBITDA of Rs 900 per ton for the quarter under review. It also achived capacity utilization of 70 percent in May and June 2020. 

The company also achieved 5 percent reduction in logistics cost for the quarter under review as compared to the same quarter of the previous fiscal. It also achieved 11 percent reduction in energy cost for the quarter under review as compared to the same quarter of the previous fiscal.

menu
menu