ULTRATECH CEMENT Announces Quarterly Results (3QFY21); Net Profit Up 122.8%

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ULTRATECH CEMENT Announces Quarterly Results (3QFY21); Net Profit Up 122.8%
Mon, 25 Jan

ULTRATECH CEMENT has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

ULTRATECH CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m103,538103,542122,54118.3%18.4%
Other incomeRs m1,6821,3492,67998.6%59.3%
TurnoverRs m105,220104,891125,22019.4%19.0%
ExpensesRs m83,80876,59391,59919.6%9.3%
Gross profitRs m19,73023,59230,94331.2%56.8%
DepreciationRs m6,7306,7246,7390.2%0.1%
InterestRs m4,7083,5683,563-0.2%-24.3%
Profit before taxRs m9,97314,64823,32059.2%133.8%
TaxRs m2,8625,6627,47432.0%161.2%
Profit after taxRs m7,1128,98715,84676.3%122.8%
Gross profit margin%19.122.825.3
Effective tax rate%28.738.632.0
Net profit margin%6.88.612.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 18.4% on a year-on-year (YoY) basis. The expenses were up by 9.3% YoY during the same period.
  • The company's operating profit increased by 56.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.3% in 3QFY21 as against 19.1% in 3QFY20.
  • Depreciation charges increased by 0.1% and finance costs declined by 24.3% YoY, respectively.
  • Other income increased by 59.3% YoY during the quarter.
  • Net profit for the quarter increased by 122.8% YoY. Net profit margins during the quarter increased from 6.8% in 3QFY20 to 12.7% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 18.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 19.6% QoQ during the same period.
  • The company's operating profit increased by 31.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.3% in 3QFY21 as against 22.8% in 2QFY20.
  • Net profit for the quarter increased by 76.3% QoQ, while net profit margins increased from 8.6% in 2QFY20 to 12.7% in 3QFY21.

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 4,641.1 to Rs 5,535.7, registering a Gain of Rs 894.7 or around 19.3%.

Overall, the S&P BSE SENSEX is up 18.2% over the year.

Current Valuations

At the current price of Rs 5,535.7, the price to earnings (P/E) ratio of ULTRATECH CEMENT stands at 23.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.9 times.

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