Web revenue within the June quarter of FY 21 was Rs 794 crore.
Web gross sales on the Aditya Birla Group flagship climbed 54 per cent to Rs 11,698 crore, fuelled by pent-up demand and a low statistical base. It recorded a quantity progress of 48 per cent.
“After a speedy restoration from the Covid-19 led disruption of the economic system throughout FY21, the economic system was hit by an unexpectedly virulent second wave, which additionally marginally impacted cement demand,” Mumbai-based UltraTech mentioned in a press release.
Its manufacturing prices through the quarter elevated 11 per cent YoY, primarily on account of upper gas costs. Efficient capability utilization was at 73 per cent through the quarter.
“The corporate continues to take care of tight management on prices and money circulate with a give attention to operational efficiencies. This has enabled UltraTech to realize an efficient capability utilisation of 73 per cent through the quarter as towards 46 per cent in Q1FY21,” UltraTech mentioned in a press release.
EBITDA was at Rs 3,468 crore, towards Rs 2,302 crore final 12 months. Web debt was recorded at Rs 5,984 crore, down from round Rs 14,000 crore in the identical interval final 12 months. Web Debt to EBITDA was at 0.44 vs 1.6 final 12 months.
In December, it introduced an funding of Rs 5,477 crore towards growing capability by 12.eight million tonnes every year in a mixture of brownfield and greenfield initiatives. The extra capability might be created within the east, central and north areas of the nation, the corporate had mentioned.
“The enlargement program is on observe and estimated to be accomplished by the top of FY23. On completion, the capability might be augmented to 136.25 mt,” UltraTech mentioned.
The corporate additionally mentioned that Covid triggered some delays because of labour shortages and lockdowns. Nonetheless, it expects to fee all of the initiatives as per the unique schedule.
“With projections of a possible third wave, the corporate is intently monitoring the state of affairs. It stays cautiously optimistic, given its inherent monetary and operational sources and the federal government’s persevering with thrust on infrastructure actions and housing development,” UltraTech mentioned.