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- ULTRATECH CEMENT Announces Quarterly Results (3QFY21); Net Profit Up 122.8%
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 Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 103,538 | 103,542 | 122,541 | 18.3% | 18.4% |
| Other income | Rs m | 1,682 | 1,349 | 2,679 | 98.6% | 59.3% |
| Turnover | Rs m | 105,220 | 104,891 | 125,220 | 19.4% | 19.0% |
| Expenses | Rs m | 83,808 | 76,593 | 91,599 | 19.6% | 9.3% |
| Gross profit | Rs m | 19,730 | 23,592 | 30,943 | 31.2% | 56.8% |
| Depreciation | Rs m | 6,730 | 6,724 | 6,739 | 0.2% | 0.1% |
| Interest | Rs m | 4,708 | 3,568 | 3,563 | -0.2% | -24.3% |
| Profit before tax | Rs m | 9,973 | 14,648 | 23,320 | 59.2% | 133.8% |
| Tax | Rs m | 2,862 | 5,662 | 7,474 | 32.0% | 161.2% |
| Profit after tax | Rs m | 7,112 | 8,987 | 15,846 | 76.3% | 122.8% |
| Gross profit margin | % | 19.1 | 22.8 | 25.3 | ||
| Effective tax rate | % | 28.7 | 38.6 | 32.0 | ||
| Net profit margin | % | 6.8 | 8.6 | 12.7 |
Interim results exclude extraordinary / exceptional items
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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ULTRATECH CEMENT 2019-20 Annual Report Analysis (Annual Result Update)
Aug 7, 2020 | Updated on Aug 7, 2020Here's an analysis of the annual report of ULTRATECH CEMENT for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of ULTRATECH CEMENT. Also includes updates on the valuation of ULTRATECH CEMENT.
ULTRATECH CEMENT Announces Quarterly Results (1QFY21); Net Profit Down 34.0% (Quarterly Result Update)
Jul 30, 2020 | Updated on Jul 30, 2020For the quarter ended June 2020, ULTRATECH CEMENT has posted a net profit of Rs 8 bn (down 34.0% YoY). Sales on the other hand came in at Rs 76 bn (down 25.0% YoY). Read on for a complete analysis of ULTRATECH CEMENT's quarterly results.
ULTRATECH CEMENT Announces Quarterly Results (4QFY20); Net Profit Up 219.5% (Quarterly Result Update)
May 21, 2020 | Updated on May 21, 2020For the quarter ended March 2020, ULTRATECH CEMENT has posted a net profit of Rs 32 bn (up 219.5% YoY). Sales on the other hand came in at Rs 107 bn (down 1.5% YoY). Read on for a complete analysis of ULTRATECH CEMENT's quarterly results.
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