Page 2 - Ultratech

Higher volumes, price hikes put cement firms on strong footing

Cement is among the few sectors witnessing strong demand and pricing power

Indices gain but coronavirus fears weigh on sentiment; UltraTech up 4%

A depreciating trend in the rupee also weighed on risk sentiment, traders said

UltraTech Cement prepays long-term loan of Rs 5,000 crore loan

UltraTech Cement on Tuesday said it has prepaid its long-term loans of Rs 5,000 crore

Ports, roads, steel: 5 companies step up investments as economy recovers

India is focusing on improving its infra as the economy recovers after the coronavirus pandemic. A look at at what Tata Group, L&T, Adani Ports, Ultratech Cement, and JSW Steel plan to do

Sensex, Nifty extend record run on vaccine booster; Ultratech Cement up 4%

European equities marched higher after the UK became the first country to approve the Covid-19 vaccine developed by AstraZeneca and Oxford University

UltraTech Cement shares close with over 4% gain on investment plan

The country's largest cement maker on Thursday announced a Rs 5,477-crore investment to add 12.8 million tonnes (MT) capacity

Volume growth, realisations and cost controls help UltraTech beat estimates

Despite being twice the size of ACC, UltraTech's domestic sales volume at 18.52 million tonnes (MT) grew 20 per cent year-on-year

Fresh demand for cement seen improving in FY21: Atul Daga of Ultratech

In a Q&A, the CFO of the firm says he sees a spike in costs as it looks to spend on marketing, advertising and branding in the coming months

Hindalco to supply 1.2 mn tonne red mud to Ultratech in new deal

Move will help cement maker reduce dependence on natural resources and promote circular economy; Red mud is a waste product generated in alumina production

Covid-19 impact: Nifty50 scorecard shows worst profit slump in 6 years

Profits at NSE Nifty 50 Index members fell about 15% last quarter from the same period last year, the worst drop since at least 2014, according to Bloomberg-compiled data.

Earnings drought

Corporate results would get a lot worse in the coming quarters

UltraTech is now Asia's second-most valuable cement company by m-cap

UltraTech and Shree Cement now together account for a fifth of the combined m-cap of Asia's leading listed cement makers, against their 6 per cent share in industry's revenues

Soft demand weighs on UltraTech's Q3 volumes; misses Street expectations

Declining costs, recent uptick in cement prices, improving utilisation levels and turnaround of acquisitions should drive future performance

Shree Cement, UltraTech likely to benefit from any uptick in demand

While UltraTech and Shree Cement have risen 13-16 per cent since their December lows, ACC and Ambuja Cements have lagged, with gains of 6-9 per cent

UltraTech Cement: Street watchful on valuations of new acquisition

Post consolidation of Century and Binani Cement assets, new acquisitions at stretched valuations may not bode well, say analysts

UltraTech to sell stake in Bangladesh-based units to HeidelbergCement

UltraTech Cement had a revenue of Rs 35,703.50 crore in 2018-19 financial year

Change in Binani brandname, quality upgrade spur UltraTech turnaround

The last part of the series on the Insolvency and Bankruptcy Code takes a look at how Ultratech's acquisition of Binani helped it become North India's biggest cement firm by capacity

Birla Corp contests UltraTech's copyright violation claim over use of name

Its argument is based on the grounds that the use of the word 'Ultra' is neither a copyright violation, nor does UltraTech have exclusive rights over the word under dispute

Dismal volumes, high costs major overhangs in Q2 performance of UltraTech

Weak demand and monsoon impacted volumes, while net profit missed estimates due to higher expenses

Weak volumes take sheen off UltraTech Cement's Q1 show; stock falls over 2%

Better realisations though helped post strong profitability and helped company beat analysts' expectations