Three analysts polled by Bloomberg estimated the company to report a net profit of Rs632.10 crore, and net sales at Rs6,814.10 crore. Consolidated net profit for the quarter fell to Rs726.09 crore from Rs 818.56 crore a year ago. Net sales rose marginally 2.9% to Rs7,923.96 crore from Rs7,700.34 crore in the same quarter last year. Mumbai: UltraTech Cement Ltd on Monday said its consolidated net profit for the March quarter fell 11.3% from a year ago due to higher total cost and tax expenses. Total expenses rose 5.4% to Rs7,110.32 crore, while tax expenses rose 17.8% to Rs328.32 crore.
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Ultratech Cement today reported a decline of 11.31% in its consolidated net profit to Rs 725.90 crore for the fourth quarter ended March 31, 2017 on account of higher expenses. "Domestic grey cement sales were 47.62 million tonnes for the full year and 13.35 million tonnes for fourth quarter of FY17. For the financial year ended on March 31, 2017, Ultratech Cement's net profit was up 9.55% to Rs 2,714.92 crore as against Rs 2,478.04 crore of FY16. Shares of Ultratech Cement were trading 4.69% up at Rs 4,155.05 on BSE. For 2016-17, Ultratech Cement's total income was up 1.52% to Rs 29,294.05 crore as against Rs 28,855.39 crore in the year-ago period.
The company will absorb the corporate tax on dividend amounting to Rs 55.88 crore, resulting in a total payout of Rs 330.39 crore. The scrip was trading 5.15 per cent up at Rs 4,173 around 1.45 pm (IST). It posted a standalone net profit of Rs 688.33 crore for the quarter under review against ETNow poll of Rs 607 crore.It had posted a standalone net profit of Rs 780.78 crore in the corresponding quarter last year.Reacting to the numbers, share price of the company surged over 5 per cent. NEW DELHI: UltraTech Cement on Monday reported 11.27 per cent fall in consolidated net profit at Rs 725.90 crore for the quarter ended March 31, 2017 against Rs 818.11 crore in the corresponding quarter last year.Consolidated total income of the company jumped 4.12 per cent year-on-year (YoY) to Rs 8,164.72 crore in Q4FY17 over Rs 7,841.05 crore in Q4FY16.On a standalone basis, the cement major reported better-than-expected financial results for the quarter under review. Shares of the company opened at Rs 3978.30 and touched an intraday high and low of Rs 4206.80 and Rs 3978.30, respectively, in trade so far.The board of directors at their meeting held on Monday recommended a dividend of 100 per cent, at the rate of Rs 10 per share of face value of Rs 10 each aggregating Rs 274.51 crore.
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Ultratech Cement Q4 net profit down 11.3% to Rs 725.90 cr
Ultratech Cement today reported a decline of 11.31% in its consolidated net profit to Rs 725.90 crore for the fourth quarter ended March 31, 2017 on account of higher expenses. "Domestic grey cement sales were 47.62 million tonnes for the full year and 13.35 million tonnes for fourth quarter of FY17. For the financial year ended on March 31, 2017, Ultratech Cement's net profit was up 9.55% to Rs 2,714.92 crore as against Rs 2,478.04 crore of FY16. Shares of Ultratech Cement were trading 4.69% up at Rs 4,155.05 on BSE. For 2016-17, Ultratech Cement's total income was up 1.52% to Rs 29,294.05 crore as against Rs 28,855.39 crore in the year-ago period.
The company will absorb the corporate tax on dividend amounting to Rs 55.88 crore, resulting in a total payout of Rs 330.39 crore. The scrip was trading 5.15 per cent up at Rs 4,173 around 1.45 pm (IST). It posted a standalone net profit of Rs 688.33 crore for the quarter under review against ETNow poll of Rs 607 crore.It had posted a standalone net profit of Rs 780.78 crore in the corresponding quarter last year.Reacting to the numbers, share price of the company surged over 5 per cent. NEW DELHI: UltraTech Cement on Monday reported 11.27 per cent fall in consolidated net profit at Rs 725.90 crore for the quarter ended March 31, 2017 against Rs 818.11 crore in the corresponding quarter last year.Consolidated total income of the company jumped 4.12 per cent year-on-year (YoY) to Rs 8,164.72 crore in Q4FY17 over Rs 7,841.05 crore in Q4FY16.On a standalone basis, the cement major reported better-than-expected financial results for the quarter under review. Shares of the company opened at Rs 3978.30 and touched an intraday high and low of Rs 4206.80 and Rs 3978.30, respectively, in trade so far.The board of directors at their meeting held on Monday recommended a dividend of 100 per cent, at the rate of Rs 10 per share of face value of Rs 10 each aggregating Rs 274.51 crore.
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collected by :Jack Luxor
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