In spite of 18% increase in revenues to Rs.1631 crore for the quarter closed on December 31, 2008, Ultratech Cements Ltd, Aditya Birla Group Company witnessed a 14.7% dip in net profit at Rs.238 crore, compared with Rs.279 crore in the subsequent time frame a year ago.
The company’s earnings before interest, reduction and taxed (PBIDT) dropped 7.95% at Rs.451 crore. The company’s PBIDT was Rs.490 crore in the past year.
Nevertheless, the company’s cash profit remained even at Rs.358 crore, Ultratech said in a filing to the BSE Sensex.
Ultratech had manufactured 3.98 million metric tones (MMT) of cement in the quarter under contemplation against 3.60 MMT in the past year, recording an increase of 11% on a yearly basis.
Whereas domestic cement sales in volume terms were 12% more at 3.80 MMT, exports were low 12.65% at 0.69 MMT. Nevertheless, in general sales volume increased 6% from 4.32 MMT in Q3 of 2007-08, to 4.57 MMT during the quarter.