1. The Company is engaged in one business segment viz. Cement. The Company´s manufacturing operations are solely situated in India.

2. The Company´s capacity stands augmented to 21.9 Mn TPA with the commencement of production of cement from the expansion line at Andhra Pradesh Cement Works and the grinding unit at Ginigera, Karnataka.

3. During the year, the Company commissioned 192 MW captive Thermal Power Plants at its various units in a phased manner. Together with the existing Power Plants, the Company will have access to 236 MW Captive Thermal Power.

4. The Company has revised estimated useful life of some of the assets resulting in depreciation being higher by Rs. 1.57 crores for the three months and Rs. 16.57 crores for the Year ended March 31, 2009.

5. The figures of the previous year / period have been regrouped wherever necessary.

6. The Board of Directors has recommended a dividend at the rate of Rs. 5 per share of Face Value of Rs. 10/- each aggregating to Rs. 72.82 Crores (including corporate dividend tax of Rs. 10.58 Crores) for the year ended March 31, 2009.

7. The Consolidated Financial Results have been prepared in accordance with Accounting Standard (AS) 21 on Consolidated Financial Statement' and Accounting Standard (AS 27) on Financial Reporting of Interest in Joint Venture issued by the Institute of Chartered Accountants of India. It includes financial results of its subsidiaries viz. UltraTech Ceylinco (Pvt.) Limited and Dakshin Cements Ltd and its interest in Madanpur (North) Coal Company Pvt Ltd, a Joint Venture Company.

8. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on April 21, 2009.

S Misra
Managing Director