VN Research & Consulting
 Like us on facebook  Follow us on twitter  Follow us on LinkedIn  IndiaNotes on Google Plus  IndiaNotes on Pinterest  IndiaNotes on Stumbleupon  Subscribe to our feeds


Stocks  A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Go
Feedback
You are here : IndiaNotes >> Research & Analysis >> Companies >> UltraTech Cement Ltd. >> Research

Q2FY18: UltraTech Cement reported a less than expected decline in net profit

SMC | 23 Oct, 2017  | Follow Author | Add to my Favourites 
  • Rate this article
    (Average Rating 0.0 Based on 0 ratings)


UltraTech Cement Ltd. reported a less than expected decline in net profit for quarter-ended September.


Total Income stood at Rs. 6,936.13 crores as compared to Rs. 5,770.58 crores in the corresponding period of the previous year. The OPM decreased by 101 bps to 20.11% due to lower freight and forwarding expenses and other expenses. Thus, OP grew 14% to Rs 1394.56 crore.


Profit before Interest, Depreciation and Tax at Rs. 1,549 crores was higher by 13% vis-d-vis Rs. 1,377.54 crores in the corresponding period of the previous year. Increased depreciation and higher interest cost relating to the acquired cement plants resulted in Profit after Tax at Rs. 423.74 crores as compared to Rs. 613.64 crores in Q2FY17. This quarter continued to witness increasing cost trends, attributable to increase in fuel prices.


  Read full report Click here to read the full report

logo
BSE
4,139.70 +28.75
(0.70%)
NSE
4,140.60 +24.00
(0.58%)
Read More
About SMC
SMC Research, founded in 1990, is India’s leading share and stock broker, provides a wide range of financial services and investment solutions. A blend of extensive experience, diverse talent and client focus has made us the 4th largest broking house in India(Source: Dun and Bradstreet, 2008). Over the years, SMC has expanded its operations domestically as well as internationally. Existing network includes regional offices at Mumbai, Kolkata, Chennai, Cochin, Ahmedabad, Jaipur, Hyderabad, Bangalore plus a growing network of 2100+ offices spread across 425 cities/towns in India.


For more information please write in to [email protected]

 
Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.



Technical Calls

What are technical calls?

Other Articles


Have a question?

Stalwart Investment Advisors
Stalwart Investment Advisors - Stalwart Investment Advisors