Net revenue in the June quarter of FY 21 was Rs 794 crore.
Net gross sales at the Aditya Birla Group flagship climbed 54 per cent to Rs 11,698 crore, fuelled by pent-up demand and a low statistical base. It recorded a quantity progress of 48 per cent.
“After a rapid recovery from the Covid-19 led disruption of the economy during FY21, the economy was hit by an unexpectedly virulent second wave, which also marginally impacted cement demand,” Mumbai-based UltraTech mentioned in a assertion.
Its manufacturing prices in the course of the quarter elevated 11 per cent YoY, primarily on account of upper gasoline costs. Effective capability utilization was at 73 per cent in the course of the quarter.
“The company continues to maintain tight control on costs and cash flow with a focus on operational efficiencies. This has enabled UltraTech to achieve an effective capacity utilisation of 73 per cent during the quarter as against 46 per cent in Q1FY21,” UltraTech mentioned in a assertion.
EBITDA was at Rs 3,468 crore, towards Rs 2,302 crore final yr. Net debt was recorded at Rs 5,984 crore, down from round Rs 14,000 crore in the identical interval final yr. Net Debt to EBITDA was at 0.44 vs 1.6 final yr.
In December, it introduced an funding of Rs 5,477 crore towards growing capability by 12.8 million tonnes each year in a mixture of brownfield and greenfield tasks. The further capability will probably be created in the east, central and north areas of the nation, the corporate had mentioned.
“The expansion program is on track and estimated to be completed by the end of FY23. On completion, the capacity will be augmented to 136.25 mt,” UltraTech mentioned.
The firm additionally mentioned that Covid induced some delays on account of labour shortages and lockdowns. However, it expects to fee all of the tasks as per the unique schedule.
“With projections of a likely third wave, the company is closely monitoring the situation. It remains cautiously optimistic, given its inherent financial and operational resources and the government’s continuing thrust on infrastructure activities and housing construction,” UltraTech mentioned.