Q1FY21 results: UltraTech Cement net profit declines by 37.85 percent YoY

UltraTech Cement Ltd., an Aditya Birla Group company announced its quarterly results on July 28, 2020. The company posted a consolidated net profit of Rs 796.31 crore for Q1FY21, which declined by 37.85 per cent, as compared to Q1FY20 when it reported Rs 1,281.27 crore.                                                                                                                                                        

The consolidated net sales reported in Q1FY21 came in at Rs 7633.75 crore, which declined by 33.15 per cent YoY from Rs 11,419.74 crore in Q1FY20. At EBITDA level, the company stood at Rs 2,074.58 crore in Q1FY21 that decreased by 29.66 per cent YoY. For Q1FY20, it posted an EBITDA of Rs 2949.29 crore.                                                                                                                                                  

EBITDA margin as of Q1FY21 was at 27.18 per cent that increased by 1.35 per cent YoY. The net profit margin in Q1FY21 came in at 10.43 per cent, which declined by 79 bps YoY. The net profit margin in Q1FY20 was at 11.22 per cent.

The company achieved effective capacity utilisation of 60 per cent across its network of 54 plants in the 68 operating days available after the national lockdown during the first quarter of this financial year.          

At around 2:36 pm, the stock is trading with gains of 6.94 percent at Rs 4,126.9. The stock has 52 week high of Rs 4,753.35 and 52 week low of Rs 2,913.15 on BSE.