India: UltraTech Cement’s net sales grew by 15% year-on-year to US$1.42bn in the quarter to 30 June 2019 from US$1.23bn in the same period in 2018. Its profit before interest, depreciation and tax rose by 61% to US$402m from US$250m. Its local sales volumes increased by 3% to 17.3Mt from 16.8Mt but exports fell by 7% to 0.6Mt from 0.65Mt.
It said that it had fully integrated its UltraTech Nathdwara Cement subsidiary with its systems and processes. The plants it acquired from Jaiprakash Associations in June 2017 were operating in line with its existing plants and had achieved break-even profit before tax during the reporting quarter. The commissioning of its 4Mt/yr Bara grinding plant in Madhya Pradesh has been delayed to late 2019.
