UltraTech Cement records positive results for FY18-19

India’s UltraTech Cement (Aditya Birla Group) has reported a 9.6 per cent YoY increase in consolidated profit after tax to INR24.35bn (US$347.6m) for the year ended 31 March 2019. Revenue for the fiscal rose 20.4 per cent to INR367.75bn from INR305.41bn. However, the company noted in an exchange filing that its results for the FY18-19 and final quarter are not comparable with previous periods due to the merger of Binani Cements into the company.

In the 4QFY18-19 UltraTech Cement saw its consolidated profit after tax advance 127 per cent to INR10.13bn, compared with INR4.46bn of the year-ago period. Total revenue was 17.1 per cent up at INR107.39bn from INR91.68bn.

"Domestic sales volume jumped 16 per cent over 4QFY17-18. The clinker capacity and cement grinding facility at Manavar, Madhya Pradesh, have stabilised with the clinker capacity operating at 100 per cent utilisation. Variables cost were up three per cent over 4QFY17-18 on account of higher fuel prices and impact of rupee depreciation," said the company.