UltraTech Cement Limited announces financial results for the quarter ended 30th September, 2020.

Highlights:

PAT up 113 % YoY

UltraTech brand grows 15%

(Rs.crore)

	Consolidated 	Standalone
Particulars 	Q2FY21 	Q2FY20 	Q2FY21 	Q2FY20
Net Sales 	10,231 	9,486 	9,895 	9,123
PBIDT 	2,830 	2,065 	2,699 	1,995
PAT 	1,234 	579 	1,209 	639

The Aditya Birla Group's, cement flagship UltraTech Cement Limited, today announced its financial results for the quarter ended 30th September, 2020.

The Company's strong quarterly performance is on the back of operational efficiencies and its ability to serve all India markets. UltraTech reported robust operating margins at 27 per cent driven by both revenue growth and tight cost management. For the second quarter in a row, the Company has reduced net debt substantially. With prudent working capital management, and overall efficient operations, the Company has shaved off Rs.4,728 crores of net debt in the first-half of this fiscal year.

As it gradually resumed operations, post lifting of lockdown, UltraTech put together a detailed manual of Standard Operating Procedures giving primacy to safety and laying down robust processes for efficient working conditions in its plants and offices.

Financials

Consolidated Net Sales was at Rs.10,231 crores vis-a-vis Rs.9,486 crores over the corresponding period of the previous year. Profit before interest, depreciation and tax was at Rs.2,830 crores vis-a-vis Rs.2,065 crores in the corresponding period of the previous year. Profit after tax was Rs.1,234 crores compared to Rs.579 crores in the corresponding period of the previous year.

On a standalone basis, Net Sales stood at Rs.9,895 crores (Rs.9,123 crores). Profit before Interest, Depreciation and Tax was Rs.2,699 crores (Rs.1,995 crores) and Profit After Tax was Rs.1,209 crores (Rs.639 crores).

Work on the Company's 3.4 mtpa cement capacity addition in Odisha, Bihar and West Bengal has picked up pace and are expected to get commissioned during FY22, in a phased manner.

Acquisition update

The 14.6 mtpa cement plants acquired during the previous financial year have been integrated and now the company is investing in improving operations further.

Going Forward

The Company's capital and financial resources remain entirely protected and its liquidity position is adequately covered. UltraTech expects demand for cement to grow on the back of Governments thrust on infrastructure and the expanding rural economy. The recent policy measures announced by the Reserve Bank of India to support the real estate sector will also aid demand.

Given its Pan-India presence, UltraTech is well positioned to benefit from demand recovery across the markets.

UltraTech continues to remain committed to all its business associates.

For media related enquiries, please contact:

Mr. Sandeep Gurumurthi Group Head, Communication & Brand

Aditya Birla Management Corporation Private Limited

+91-22-6652-5000 / 2499-5000

+91-22-6652-5741 / 42

sandeep.gurumurthi@adityabirla.com

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