Page 2 - Ultratech Cement

UltraTech profit falls 7% due to increased fuel and power costs hit

It still beat Q1 estimates despite decline on both YoY and sequential bases

UltraTech Q1 net profit falls 7% to Rs 1,582.02 cr; net sales rise 28%

Aditya Birla group firm UltraTech Cement on Friday reported a decline of 6.94 per cent in its consolidated net profit at Rs 1,582.02 crore in the June 2022 quarter, impacted by inflationary trends. The company had posted a net profit of Rs 1,700.03 crore in the April-June period a year ago, UltraTech Cement said in a BSE filing. Its revenue from operations was up 28.18 per cent to Rs 15,163.98 crore during the quarter under review as against Rs 11,829.84 crore in the corresponding period of the last fiscal. "After a strong end to FY22, cement demand was impacted by overall inflationary trends and lower labour availability in May 2022. However, cement demand picked up in June 2022 on pre-monsoon construction activity," said UltraTech Cement in its earnings statement. The company's total expenses were at Rs 12,980.06 crore, up 36.51 per cent in Q1 FY23 as against Rs 9,508.26 crore. Shares of UltraTech Cement Ltd were trading at Rs 6,398.80 on BSE on Friday, up 4.40 per cent from the

Banks lift Sensex 390 pts, Nifty reclaims 16,700; Ultratech Cement up 5%

CLOSING BELL: Ultratech Cement, Grasim, UPL, HDFC, HDFC Bank, Eicher Motors, and ICICI Bank were the top gainers, ralling over 2 per cent each

Stocks to watch: Tata Steel, HDFC, Jet Airways, JSW Steel, Biocon, PVR

Stocks to watch today: HDFC, slated to merge with HDFC Bank, raised Rs 4,000 crore through a paper with a maturity of 21 months; Jet Airways plans to lease 6 to 8 planes as part of re-launch.

UltraTech Cement paying for Russian coal in Chinese yuan: Report

UltraTech importing from Russian producer SUEK, valued at 172.7 mn yuan; SUEK's Dubai unit facilitated trade from Russia's Vanino port; traders say other companies set to pay in yuan for Russian coal

Infosys, Wipro, UltraTech Cement, Tata Steel, Hindalco hit 52-week lows

An economic slowdown or other factors may affect the economic health of the US, UK, the European Union, Australia or those industries where IT revenues are concentrated.

Bajaj Finance, Tata Steel, UltraTech Cement, Shree Cement hit 52-week lows

A total of 46 stocks from the Nifty500 index also hit their respective 52-week lows on the NSE today including Astral, Birla Corporation, CSB Bank, LIC Housing Finance, SpiceJet.

UltraTech Cement falls 10% in three days; loses Rs 17,157 crore-market cap

Analysts at ICICI Securities believe the next two quarters will remain challenging for the cement industry as it will battle both weak demand (owing to monsoon) & heightened costs.

Cement shares sink: Shree Cement, JK Cement, Ultratech hit 52-week lows

In current times of weak demand, high fuel costs and entry of a new player (Adani group), any significant capacity announcement may be viewed negatively by the market, according to analysts

Sensex falls 664pts from day's high, ends 49pts down; RIL up 2%, autos dip

CLOSING BELL: The Nifty IT index was the only gainer, up 0.45 per cent

Stocks to Watch: UltraTech Cement, Castrol, CIL, Aether Ind, Deepak Nitrite

Stocks to Watch: Aether Industries will be in focus as the speciality chemical maker is set to make its debut on the bourses today. The issue price has been fixed at Rs 642 per share.

As competition hots up, UltraTech Cement to invest Rs 12,886 cr in capex

This ambitious capacity expansion plan is a significant milestone in the ongoing transformational growth journey of UltraTech, says Kumar Mangalam Birla, chairman, Aditya Birla Group

Adani-Holcim deal: Open offers for Ambuja Cements and ACC from July 6

The acquisition will make the Adani family the second biggest cement maker in India after Ultratech

Tata Steel, SAIL: Should you Buy or Sell them? Here's what charts suggest

Charts of steel stocks signal further downside, indicating a fall up to 20 per cent in select shares; cement counters indicate a wait-and-watch approach

Top Headlines: Wheat export push, CBDT's ITR guidelines, and more

Here are the top Business Standard headlines on Friday

Top headlines: Ultratech's Ambuja bid, Delhivery may hit a valuation hurdle

Here are the top Business Standard headlines on Thursday

Ultratech joins race for Ambuja Cements and ACC, submits non-binding bid

UltraTech outlines divestiture details that would meet the norms set by Competition Commission of India

UltraTech Cement logs 48% YoY growth in Q4 net to Rs 2,620 cr, sales up 9%

Ebitda declined 16% YoY to Rs 3,165 cr, while Ebitda margins stood at 19.5% in Q4 versus 25.6% last year, as energy costs swelled in the period under review

UltraTech Q4 rises 47% to Rs 2613.75 cr; net sales up 9.45% to Rs 15,767 cr

Aditya Birla group firm UltraTech Cement Ltd on Friday reported an increase of 47.32 per cent in its consolidated net profit at Rs 2,613.75 crore in the fourth quarter ended March 2022

Trading Calls: Buy Welcorp, Sell UltraTech Cement, recommends Mehul Kothari

According to the technical analyst from Anand Rathi, Welcorp can rally towards Rs 240, whereas UltraTech can slide to Rs 6,400 in the coming weeks.