Global Cement
Online condition monitoring experts for proactive and predictive maintenance - DALOG
Professional manufacturer of refractory linings for Cement Process - LZ Refractories
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Members
  • Live
  • Login
  • Advertise
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Contact
News Ultratech records 93% profit rise in Q3

Ultratech records 93% profit rise in Q3

Written by Global Cement staff 23 January 2012
  • Print

India: Ultratech has posted a 93% rise in net profit for the fiscal quarter that ended on 31 December 2011 compared to the same period in 2010. India's largest cement producer by sales has attributed this rise to a low base of profit and revenue, improved demand and higher product prices.

Ultratech said that its cement sales rose by 6% to 9.72Mt in the third quarter. The company said that prices improved in the quarter but it didn't give exact figures. Net profit for the three months rose to US$120m from US$64m in 2010. Sales climbed to US$910m from US$740m.

The company said its variable costs increased by 16% in the quarter, largely due to higher prices of both domestic and imported coal. It added that India's monopoly coal producer raised its prices further in January 2012, which could hit its profit margin in the January-March 2012 quarter.

Looking ahead, Ultratech said that while India's cement demand is expected to grow at 8%/yr over the next few years, overcapacity in the cement industry and rise in cost of fuel and other raw materials could put pressure on margins. Ultratech reiterated that it will continue with its US$2.2bn expansion programme to increase its production capacity to 59Mt/yr by 30 June 2013. The company's current capacity is 50Mt/yr.

Most Indian cement companies are expected to post robust financial performance for the October-December 2011 quarter, as demand returned sharply after the seasonal monsoon rains ended in September, spurring construction activity. Cement prices have improved as a result of higher demand as well as rising costs.

Last modified on 25 January 2012
Published in Global Cement News
Tagged under
  • Q3
  • India
  • Results
  • UltraTech Cement
  • GCW33

Related items

  • Tangshan Jidong Cement’s first-quarter loss declines in 2021
  • Indian government minister says road construction is driving cement demand
  • Sagar Cements considering merger with Sagar Cement (R)
  • Steppe Cement increases first-quarter cement sales and volumes in 2021
  • HeidelbergCement records first-quarter sales and earnings growth in 2021
back to top
Always the right coupling - Flender
Loesche - Innovative Engineering
Our high efficiency separator for every need - Christian Pfeiffer
“Flexible
We Move Industries - Heko Group - Conveyor Suppliers
Acquisition Cemex China coronavirus Dangote Cement Export France Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Legal Mexico Nigeria Order Pakistan Philippines Plant Production Results Russia Sales UK Upgrade US
« April 2021 »
Mon Tue Wed Thu Fri Sat Sun
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30    



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement Twitter
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Members
  • Live
  • Login
  • Advertise
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Contact
  • Conferences & Webinars >>
  • Global Ash
  • Global CemBoards
  • Global CemEnergy
  • Global CemFuels
  • Global CemPower
  • Global CemProcess
  • Global Cement Quality Control
  • Global CemTrans
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • African Cement
  • American Cement
  • European Cement
  • Middle Eastern Cement
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Insulation
  • Pro Global Media
  • Social >>
  • LinkedIn
  • Facebook
  • Twitter

© 2021 Pro Global Media Ltd. All rights reserved.