Ultratech Cement Ltd.

Ultratech Cement is currently trading at Rs. 2517.95, down by 30.15 points or 1.18% from its previous closing of Rs. 2548.10 on the BSE.

The scrip opened at Rs. 2540.00 and has touched a high and low of Rs. 2540.00 and Rs. 2462.90 respectively. So far 9502 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2868.00 on 18-Jun-2014 and a 52 week low of Rs. 1404.95 on 29-Aug-2013.

Last one week high and low of the scrip stood at Rs. 2606.75 and Rs. 2480.00 respectively. The current market cap of the company is Rs. 69263.87 crore.

The promoters holding in the company stood at 61.70% while Institutions and Non-Institutions held 25.71% and 10.83% respectively.

UltraTech Cement’s net profit for the quarter declined by 6.99% at Rs 625.57 crore as compared to Rs 672.60 crore for the quarter ended June 30, 2013. However,its total income has increased by 14.72% to Rs 5905.20 crore for the quarter under review from Rs 5147.64 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 5.90% fall in its net profit at Rs 626.92 crore for the quarter as compared to Rs 666.23 crore for the same quarter in the previous year. however, total income has increased by 14.66% at Rs 6247.33 crore for quarter under review as compared to Rs 5448.70 crore for the quarter ended June 30, 2013.

Upon the Scheme of Arrangement between Jaypee Cement Corporation (JCCL) and the Company and their respective shareholders and creditors been approved by shareholders and creditors of the respective companies, the High Court at Bombay & the High Court at Allahabad and also by the Securities Exchange Board of India (SEBI), the Scheme was made effective from June 12, 2014. In terms of the Scheme, 114,382 equity shares of the company of Rs 10 each, fully paid-up, have been allotted to the equity and preference shareholders of JCCL towards consideration, pending finalisation of closing Balance Sheet.

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 ended June 30, 2014 are strictly not comparable with previous periods.