"For Q1FY21 Ultra Tech Cement reported a 33.2% YoY decline in consolidated revenue to Rs.7,634 crore. Revenue for the quarter was adversely impacted as there was no production and sales for the cement industry during the first 20 days of April due to the lockdown. Restated volume of India operations (considering Century Cement) were down by 32% YoY on a comparable basis to 13.94 million tonnes. EBIDTA declined by 29.7% YoY to Rs.2075 crore for the quarter due to lower volumes. However, EBIDTA margins improved from 25.8% to 27.1% YoY. PAT decreased by 37.8% YoY to Rs.797 crore (including Rs.153 crore exceptional loss). Overall, numbers were better than street estimates. Century Cement achieved more than 70% capacity utilization in May and June and more than Rs.900 EBIDTA/tonne for the quarter. Company target is to complete 84% brand transition of Century Cement to Ultra Tech Cement by Q3FY21. Company achieved 60% capacity utilisation in the 68 operating days available after the national lockdown. Net debt reduced by Rs.2,209 crore during the quarter to Rs.14,651 crore. Construction work is showing good traction in rural and semi-urban areas post easing of lockdown. Going forward, picking up construction work in urban areas will key for the Company."
Shares of ULTRATECH CEMENT LTD. was last trading in BSE at Rs.4135.7 as compared to the previous close of Rs. 3859.05. The total number of shares traded during the day was 78889 in over 11324 trades.
The stock hit an intraday high of Rs. 4209.5 and intraday low of 3867. The net turnover during the day was Rs. 320927596.
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