UltraTech Cement reports 48% rise in Q2 consolidated net profit

20 Oct 2014

UltraTech Cement has reported results for second quarter ended September 30, 2014.

The company has registered 55.26% rise in its net profit at Rs 410.05 crore for the quarter under review as compared to Rs 264.10 crore for the same quarter in the previous year. Total income of the company has increased 20.67% at Rs 5503.48 crore for Q2FY15 as compared Rs 4560.79 crore for the corresponding quarter previous year.

On consolidated basis, the company’s net profit after taxes and minority interest for the quarter under review registered 48.02% growth at Rs 414.24 crore against Rs 279.86 crore in the September quarter of previous fiscal. The company’s total income has increased by 18.53% at Rs 5821.48 crore for the quarter under review from Rs 4911.40 crore in the similar quarter of previous year.

In terms of the Scheme of Arrangement between Jaypee Cement Corporation (JCCL) and the company and their respective shareholders and creditors (the Scheme) 27,261 additional equity shares of the company of Rs 10 each credited as fully paid-up has been allotted to the equity shareholders of JCCL in terms of the Scheme as final consideration. The financial results of the acquired Units have been combined with the company’s financial results with effect from June 12, 2014. As a result, figures for the three months and six months ended September 30, 2014 are strictly not comparable with previous periods.

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