Ultratech Cement Q2FY22 Earnings Results – Net sales up 14.4% YoY at 11,743 cr below estimates; PAT marginally up YoY

Ultratech Cement Limited on Tuesday reported a consolidated net sales of Rs 11,743 cr for the quarter ended 30 September 2021 versus Rs 10,264 cr reported during the corresponding period in FY21. It was up 14.4 per cent Year-on-Year (YoY). 

The net profit was marginally up at Rs 1314 cr during the reporting quarter versus Rs 1309 cr in Q2FY21.    

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The Aditya Birla Group company announced its earnings results on Monday during market hours. 

This revenue was lower than expected. A 17.3 per cent Year-on-Year (YoY) jump in its revenues at Rs 121,47.6 cr for the July-September quarter was estimated by Yes Securities. 

The brokerage firm’s estimates were on the back of healthy demand and robust volume growth expected during the quarter. On the Quarter-on-Quarter (QoQ) basis, the jump was seen at 2.7 per cent.  

Also Read: Ultratech Cement Q2FY22 Earnings Result Preview – Company to announce results on Monday- Here are 5 things to watch out for

The shares of Ultratech Cement ended at Rs 7395 on the NSE on Monday, almost flat from the Thursday closing price.

The company in its filing to exchanges has said that the cost of pet coke and coal prices almos doubled in Q2FY22 resulting a 17 per cent YoY spike. However, the company managed to offset it operational efficiencies and reduction in power consumption.

Outlook

The company said that it will be able to face challenges on the input cost side through its operational efficiecy. It was aslo confident about the demand situation on the back of recovery in rural housing, higher MSP for kharif crops, improved food grain production in rabi harvest and third conecutive normal monsoon along with pick-up in infrastructure and construction activity.