Ultra Tech’s 3Q 2011-12 top line grew by 23.1% y o y to Rs.4,572 Crore, aided by
robust 16.4% y o y growth in blended realization to Rs.4,313 / tonne.
The company’s domestic cement dispatches (incl. clinker and white cement) grew
by 6.2% y o y to 9.97mn tonnes.
However, the company faced cost pressures during the quarter on account of higher coal and freight costs. OPM for the quarter stood at 22.4%, up 2.83% y o y.
Net profit rose by 93.4% y o y to Rs.617 Crore, aided by better operating performance and lower interest costs.
Angel Broking continue to remain Neutral on the stock.
robust 16.4% y o y growth in blended realization to Rs.4,313 / tonne.
The company’s domestic cement dispatches (incl. clinker and white cement) grew
by 6.2% y o y to 9.97mn tonnes.
However, the company faced cost pressures during the quarter on account of higher coal and freight costs. OPM for the quarter stood at 22.4%, up 2.83% y o y.
Net profit rose by 93.4% y o y to Rs.617 Crore, aided by better operating performance and lower interest costs.
Angel Broking continue to remain Neutral on the stock.
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