UltraTech – A market leader that continues to deliver
UltraTech has been consistently generating free cash flow, which has helped it improve its leverage profile
July 23, 2021 / 11:40 AM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
UltraTech Cement, India’s largest cement manufacturer, has announced better-than-expected June-quarter earnings. The company had some hiccups during the second wave, but seems to have turned the corner as markets reopened.
Key Result Highlights
Revenues from India operations came in at Rs 11,450 crore. The top line was led by a 47 per cent jump in cement volumes together with a 6 per cent increase in pricing. The operating margins held firm despite inflationary cost pressures. Operating income was Rs 3,257 crore,...