Ultratech Cement Ltd., an Aditya Birla Group company, reported net profit and revenues for the third-quarter. The company posted a third-quarter net profit of Rs 318.96 crore or Rs.11.64 per share, while it reported Rs.196.03 crore or Rs.15.74 per share in the third-quarter of 2009. The company said that there was continuous pressure on the cost front, with prices of imported coal rising to $125 per mt from $92 per mt in Q3FY10, an increase of around 36 per cent. Its quarterly net revenue, including other operating income, totalled Rs.3,740.87 crore, whereas it was Rs.1,669.17 crore in the prior-year quarter. Excluding Samruddhi Cement, profit before interest and tax fell by 33 per cent to Rs.549.31 crore from Rs.815.38 crore in the corresponding quarter of the preceding year. Net sales was Rs.3,715.24 crore up by one per cent from the Rs.3,681.93 crore in the year-ago quarter. During the quarter, the company produced 9.30 mmt of grey cement and 1.47 mmt of white cement respectively, compared with 8.99 mmt and 1.38 mmt respectively in the preceding year quarter.
For the nine months, the company posted a net profit of Rs.677.46 crore, while it was Rs.864.70 crore for the comparable period last year. Total revenue, including other operating income amounted to Rs.8,794.93 crore from Rs.5,190.47 crore in the corresponding period a year-ago. Excluding Samruddhi Cement, profit for the Apr-Dec 2010 was Rs.1,159.60 crore, compared with Rs.2,461.03 crore in Apr-Dec 2009, reflecting a 53 per cent fall. Net sales was Rs.8,719.78 crore, down by six per cent from the Rs.9,236.23 crore for the comparable period a year-ago. The company has a capital outlay of around Rs.10,000 crore to be spent over the next three years for the setting up of additional clinkerisation plants at Chhattisgarh and Karnataka along with grinding units and bulk packaging terminals across various states.