FCC

Net sales at Rs 100 bn compared to Rs 87.20 bn in Q1FY19

2019-08-09

UltraTech Cement has announced its unaudited financial results for the quarter ended 30th June, 2019.

(Rs. in billion)

	Consolidated		Standalone
Particulars	Q1FY?20	Q1FY?19	Q1FY?20	Q1FY?20 (India operations)	Q1FY?19
Net Sales	100.27	87.20	96.48	96.22	83.54
PBIDT	28.40	17.63	27.04	27.83	16.97
PAT	12.08	6.31	11.99	11.87	5.98

Financials

Net sales stood at Rs 100.27 billion compared to Rs 87.20 billion in Q1FY19. Profit before Interest, Depreciation and Tax is Rs 28.40 billion vis-?-vis Rs 17.63 billion with Profit After Tax at Rs 12.08 billion compared to Rs .631 billion in Q1FY19.

UltraTech Nathdwara Cement

With major overhauling of the plants and completion of quality upgradation, UltraTech Nathdwara Cement has been fully integrated with UltraTech systems and processes.The plants have achieved optimal efficiencies.

Acquisition in FY18

The 21.2 mtpa cement capacity acquired from Jaiprakash Associates in June 2017 are operating in line with the existing plants of the company and have achieved PBT break-even during the quarter. The Bara Grinding Unit is scheduled for commissioning during Q3-FY20. There have been some delays in the project.

Corporate Development

The National Company Law Tribunal, Mumbai Bench (NCLT) has by its order dated July 3, 2019, sanctioned the Scheme of Demerger between Century Textiles and Industries (Century), the Company and the respective shareholders and creditors (the Scheme). The transaction had earlier received approval of the stock exchanges, the Competition Commission of India and shareholders. The NCLT has approved May 20, 2018, as the Appointed Date for the Scheme. The Scheme will be made effective upon receipt of the remaining regulatory approvals during Q2FY20.

In terms of the Scheme, the Company will issue one equity share of face value of Rs 10/- each for every eight equity shares of Century of face value of Rs 10/- each to the shareholders of Century.

After the completion of this transaction and coupled with the on-going expansions, the Company will achieve an installed capacity of 117.35 mtpa, inclusive of its overseas operations.