ULTRATECH CEMENT Announces Quarterly Results (2QFY22); Net Profit Up 45.8%

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ULTRATECH CEMENT Announces Quarterly Results (2QFY22); Net Profit Up 45.8%
Wed, 20 Oct

ULTRATECH CEMENT has announced its results for the quarter ended September 2021. Here is a detailed performance review of the same:

ULTRATECH CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-20*
3
Jun-21*
3
Sep-21*
QoQ ChangeYoY Change
Net SalesRs m103,542118,298120,1681.6%16.1%
Other incomeRs m1,3492,0491,401-31.6%3.8%
TurnoverRs m104,891120,347121,5681.0%15.9%
ExpensesRs m76,59385,22493,0219.1%21.4%
Gross profitRs m23,59233,07527,147-17.9%15.1%
DepreciationRs m6,7246,5986,7742.7%0.7%
InterestRs m3,5683,2612,300-29.5%-35.5%
Profit before taxRs m14,64825,26519,474-22.9%32.9%
TaxRs m5,6628,2696,371-22.9%12.5%
Profit after taxRs m8,98716,99513,103-22.9%45.8%
Gross profit margin%22.828.022.6
Effective tax rate%38.632.732.7
Net profit margin%8.614.110.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 16.1% on a year-on-year (YoY) basis. The expenses were up by 21.4% YoY during the same period.
  • The company's operating profit increased by 15.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 22.6% in 2QFY22.
  • Depreciation charges increased by 0.7% and finance costs declined by 35.5% YoY, respectively.
  • Other income increased by 3.8% YoY during the quarter.
  • Net profit for the quarter increased by 45.8% YoY. Net profit margins during the quarter increased from 8.6% in 2QFY21 to 10.8% in 2QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.1% QoQ during the same period.
  • The company's operating profit declined by 17.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.6% in 2QFY22 as against 28.0% in 1QFY21.
  • Net profit for the quarter declined by 22.9% QoQ, while net profit margins declined from 14.1% in 1QFY21 to 10.8% in 2QFY22.

To see how ULTRATECH CEMENT has performed over the last eight quarters,please visit here.

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ULTRATECH CEMENT Share Price Performance

Over the last one year, ULTRATECH CEMENT share price has moved up from Rs 4,547.4 to Rs 7,254.3, registering a Gain of Rs 2,706.9 or around 59.5%.

Overall, the S&P BSE SENSEX is up 52.1% over the year.

Current Valuations

At the current price of Rs 7,254.3, the price to earnings (P/E) ratio of ULTRATECH CEMENT stands at 32.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.7 times.

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