Stock Report

Ultratech Cement Ltd Q2FY21 consolidated PAT soars to Rs. 1234.38 crore



Posted On : 2020-10-21 14:34:15( TIMEZONE : IST )

Ultratech Cement Ltd Q2FY21 consolidated PAT soars to Rs. 1234.38 crore

ULTRATECH CEMENT LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.10489.10 crores during the period ended September 30, 2020 as compared to Rs.7912.58 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.1234.38 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.797.43 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.42.79 for the period ended September 30, 2020 as compared to Rs.27.64 for the period ended June 30, 2020.

FinancialsQ2 FY20-21Q1 FY20-21% Change
Total Income₹ 10489.10 crs₹ 7912.58 crsUp Tick 32.56%
Net Profit₹ 1234.38 crs₹ 797.43 crsUp Tick 54.79%
EPS₹ 42.79₹ 27.64Up Tick 54.81%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.10489.10 crores during the period ended September 30, 2020 as compared to Rs.9762.12 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.1234.38 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.579.10 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.42.79 for the period ended September 30, 2020 as compared to Rs.20.07 for the period ended September 30, 2019.

FinancialsQ2 FY20-21Q2 FY19-20% Change
Total Income₹ 10489.10 crs₹ 9762.12 crsUp Tick 7.45%
Net Profit₹ 1234.38 crs₹ 579.10 crsUp Tick 113.15%
EPS₹ 42.79₹ 20.07Up Tick 113.2%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.18401.68 crores during the 6 months period ended September 30, 2020 as compared to Rs.21301.56 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.2031.81 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.1860.15 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.70.43 for the 6 months period ended September 30, 2020 as compared to Rs.64.47 for the 6 months period ended September 30, 2019.

FinancialsHalf-Year Ended FY20-21Half-Year Ended FY19-20% Change
Total Income₹ 18401.68 crs₹ 21301.56 crsDown Tick -13.61%
Net Profit₹ 2031.81 crs₹ 1860.15 crsUp Tick 9.23%
EPS₹ 70.43₹64.47Up Tick 9.24%

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% 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.

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.

Shares of ULTRATECH CEMENT LTD. was last trading in BSE at Rs.4547.4 as compared to the previous close of Rs. 4516.4. The total number of shares traded during the day was 34972 in over 4970 trades.

The stock hit an intraday high of Rs. 4588.8 and intraday low of 4484. The net turnover during the day was Rs. 158713554.

Source : Equity Bulls

Keywords