Ultratech Cement Ltd Share Price Declines By Nine Percent In Q2 Net Profit

Ultratech Cement Ltd Share Price has revealed September quarter independent net benefit at Rs 390.8 crore, down 9 percent on the back of frail operational execution and rising vitality and coordination cost. It had detailed Rs 431.2 crore benefit in a similar quarter last fiscal.

As per the organization, its Q2 net benefit diminished to Rs 390.80 crore from Rs 431.24 crore detailed for the comparing time of the past financial year.

However, the cement maker’s independent income from tasks amid the quarter under audit rose to Rs 7,771.27 crore from Rs 6,426.36 crore earned amid the time of the past monetary.

The independent EBITDA was down 6.7 percent at Rs 1207.6 crore, while edge was at down at 15.5 percent.

“Rising energy and logistics cost coupled with rupee depreciation resulted in cost increasing by 14 percent as compared to Q2FY18, bringing down profits YoY,” UltraTech said in Ultratech Cement Ltd Share Price report.

The organization announced a decline of 11.32 percent in its net benefit for the second quarter of 2018-19. Its Q2 combined net benefit diminished to Rs 376 crore from Rs 424 crore revealed for the comparing time of the past financial year.

Power and fuel cost shot up 30 percent to Rs 1,886 crore and cargo and sending costs bounced 25 percent to Rs 1,946.9 crore contrasted with year-prior.

Different costs amid the quarter expanded 19.8 percent to Rs 1,058 crore.

“Domestic sales volume jumped 21 percent over Q2FY18,” the cement manufacturer said. “However, rising energy and logistics cost coupled with rupee depreciation resulted in costs increasing by 14 percent as compared to Q2FY18, bringing down profits as compared to the previous year.”

After finishing the securing of Century’s cement business and with the on-going limit extensions, the organization’s bond producing limit will stand expanded to 111.1 mtpa including overseas capacity.

At 14:18 hrs, the Ultratech Cement Ltd Share Price was citing at Rs 3,564.00, down Rs 166.40, or 4.46 percent. It has touched a 52-week low of Rs 3,529.05, according to the report of Moneycontrol.

The post Ultratech Cement Ltd Share Price Declines By Nine Percent In Q2 Net Profit appeared first on OWLT Market.

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