Page 9 - Ultratech Cement

Will turn around JP assets in 3-4 years: Kumar Mangalam Birla

The Birla firm had completed the acquisition in June

UltraTech's volumes disappointment a blip

UltraTech's performance for the quarter ending June disappointed the street, mainly on volume front. With its pan India peer, ACC reporting double-digit volume growth a day ago, flat volumes by UltraTech weighed on street's sentiment. The street was expecting a 3-5 per cent increase in volumes. Analysts at ICICI Securities, for instance, had estimated volumes at 13.9 million tonnes (MT) whereas actual came at 13.2 MT they said. Analysts at Motilal Oswal Securities, too, had expected cement volumes to grow 4 per cent year-on-year led by growth in North and East markets. With flat volumes for the quarter, net sales at Rs 6,533 crore for the standalone entity (domestic operations, excluding Star Cement UAE) grew just 5.7 per cent year-on-year and were well short of Bloomberg consensus estimate of Rs 6,840 crore.However, the performance in terms of profitability was good even as costs increased. The Ebitda at Rs 1,597 crore grew by 12.4 per cent year-on-year and was better than Rs 1,489 ..

UltraTech to set 3.5 mn tonne plant in Madhya Pradesh for Rs 2,600 cr

Excluding the JP deal, UltraTech's capacity now stands at 66.3 million tonne per annum

Jaypee acquisition led by desire to straddle entire country: KM Birla

Interview with Kumar Mangalam Birla, chairman, Aditya Birla Group

UltraTech, ACC's profitability, volumes surprise Street

But analysts not sure ACC can sustain the operating profit margin going ahead

UltraTech Cement Q4 net profit down 11.3% to Rs 726 cr

Its total expenses were up 14.33% to Rs 7,710.32 crore as against Rs 6,743.85 crore

UltraTech Cement's Q3 net profit up 5 per cent

Aditya Birla Group firm's consolidated net profit stood at Rs 566.7 cr in year-ago period

UltraTech Cement's Q3 net up by 4.76%

The consolidated net profit of the company stood at Rs 594 cr for the third quarter of FY17

UltraTech Cement Q2 net profit up 25% at Rs 613.64 crore

UltraTech Cement's net sales dropped to Rs 5,709 crore as against Rs 5,857 crore in the previous fiscal

UltraTech Cement hits new high on RBI nod to hike FII limit to 30%

The stock hit a new high of Rs 4,029, up 3.5% on the NSE in early morning trade.

UltraTech Cement hits new high

The stock moved higher to its new high of Rs 3,954, up 2%, extending its Thursday's nearly 5% rally on the BSE.

UltraTech Cement hits new high on winning two coal linkages

The stock moved higher to its new high at Rs 3,739, up 1.4% on the National Stock Exchange.

Ultratech Cement plans to raise Rs 300 crore via NCDs

The cement maker is proposing to issue 7.57%, 3,000 secured redeemable NCDs on a private placement basis

UltraTech surprises with strong performance

Despite soft demand & realisation, operational efficiency, cost control help exceed profit estimates

Ultratech's Q1 net up 29%; Jaypee deal to close by May 2017

Total consolidated income of the cement-maker rose by 4%

UltraTech Cement, Jaypee Group shares gain on cement business deal

Jaiprakash Associates, Jaiprakash Power Ventures and Jaypee Infratech were up more than 5% each on the BSE.

UltraTech gets board nod to raise RFPI limit to 30%

The increase in the limits is subject to the approval of the members at the ensuing annual general meeting of the company

UltraTech net rises 10% to Rs 723 crore

Cement major hopes for 7-8% growth in demand in FY17