Indian Cement major UltraTech Cement Ltd has reported a drop in PAT by 11% (Y-o-Y basis). The financials reported in its press release are as follows
As per the release, domestic grey cement sales volumes were 47.62 Mn T for FY 16-17 as against 47.13 Mn T for FY15-16 (1% increase) and 13.35 Mn T for Q4FY17 as against 13.12 Mn T for Q4FY16 (1.75% increase). Overall domestic capacity utilization stands at 70% on full year basis.
The company has reported work on its Dhar project in Madhya Pradesh on track and expects commercial production to start from Q4FY19. Post this expansion and acquisition of Jaypee Cement plants, the company’s cement capacity will stand augmented at 95.4 MTPA including overseas operations
Source: New Indian Express
