Ultratech expects large turnover increase

Ultratech expects large turnover increase
Published: 29 August 2006

Ultratech Cement Ltd expects a 20 per cent rise in its gross turnover for the current fiscal year ending Mar. 31, 2007, its chairman said Monday. "We expect production to total 17.74Mt in the current fiscal year," Kumaramangalam Birla said at the annual shareholders’ meeting. Answering shareholders’ questions, he said that the company expects to maintain its operating profit margin at 21.7% this fiscal year. Capacity utilization at its plants will be 104% in the current fiscal year, compared with 89% a year earlier, Birla said.