UltraTech Cement - Q2FY21 result - Angel Broking

Mr. Keshav Lahoti - Associate Equity Analyst, Angel Broking Ltd

"For Q2FY21, UltraTech Cement revenue increased by 7.7% YoY to ₹ 10,354 cr, beating street expectation. Operating profit and PAT also rose by 40.5% and 113.3% respectively was also above street expectation. Operating profit increased by 610 basis points to 26% due to reduction in cost/tonne especially the power and fuel cost. EBIDTA/tonne of the company registered a strong growth of 30% to ₹1,387/tonne. Volume registered a growth of 8% due to strong rural demand and pent up demand. Company reported volume growth in the regions of North, Central, Gujarat and East. Whereas, volume de-grew in the regions of South and Maharashtra. From an investment point of view, we are bullish on the Company."

Shares of ULTRATECH CEMENT LTD. was last trading in BSE at Rs.4629.6 as compared to the previous close of Rs. 4547.4. The total number of shares traded during the day was 50704 in over 8926 trades.

The stock hit an intraday high of Rs. 4656.9 and intraday low of 4439.5. The net turnover during the day was Rs. 231911711.

Source : Equity Bulls

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