Revenue:

The revenue of the company (standalone basis) for the quarter ended June 2018 was stood at INR 8728.13 as compared to INR 9108.4 Cr for the previous quarter, showing a 4.17% decline.

The revenues of the company were INR 7685.45 Cr for the period ended 30 JUNE 2017.

Profit:

The profits of the company stood at INR 890.62 Cr for the period ended June 30 2017 showing a 32.81% decline on YOY basis.

Corporate Development:

During the quarter, the Board of Directors approved a scheme of arrangement amongst Century Textile and Industries Limited (Century), the company and their respective shareholders and creditors. In terms of the scheme, Century will demerge its cement business into the company.

In terms of the scheme, the company will issue 1 (ONE) equity share of face value RS 10/- each for every 8 (EIGHT) equity shares of Century of face value RS 10/- each to the shareholder of Century.

Commissioned A New Mill:

The Company has commissioned the second cement mill of 1.75 mtpa capacity at Manavar Dist, MP in June 2018.

About the Company: UltraTech Cement

UltraTech Cement Limited is the largest manufacturer of White Cement, Ready Mix Concrete (RMC) and Grey Cement in India. It is also one of the leading cement producers globally. UltraTech as a brand embodies ‘strength’, ‘reliability’ and ‘innovation’

The Company has 19 integrated plants, 1 clinkerisation plant, 25 grinding units and 7 bulk terminals. Its operations span across India, UAE, Bahrain, Bangladesh and Sri Lanka. UltraTech Cement is also India’s largest exporter of cement reaching out to meet the demand in countries around the Indian Ocean and the Middle East.

Stock Price Movement

The stock closed down by 1.18% at INR 3849 when the market closed! During the quarter ended June 2018, the share price plunged by more than 3%

Management View:

The management of the company is of the view that the cement industry now in its up-cycle and the demand is expected to be healthy. The key drivers being higher government budget allocation for infrastructure and rural development.

Also Read –

1) Finblab’s Valuepick Stock for the month of July 2018 – CEAT Limited

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Ultratech Cement Limited Q1 Results FY18-19: KEY HIGHLIGHTS appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Q1 – FY 2017-18 was bad for the Indian STEEL sector. Almost all the companies have posted a weak set of numbers in the quarter.

For the numbers, only 1 company out of 5 able to registered positive improvements both in the Revenue as well as Profits in April to June quarter of 2017-18 as compared to the same period last year – rest 4 companies fail to do so.

The Common Parameters for such Dismal Performance for the Sector

The current quarter was marked by industry wide destocking as customers in general adopted a cautious approach towards carrying inventories in run up to GST rollout, which impacted domestic sales volume.

Market Leader Performance:

Market leader TATA STEEL registered 39.36% growth in Revenues due to increased capacity in India and ongoing restructuring in Europe and 11.98% de-growth in Profits as compared to the same period last year.

Star Performer in the Sector:

The star performer in the sector for the quarter ended 30 June 2017 was Jindal Stainless (Hisar) where the company showed 50.47% increment in profit and 47.49% growth in Revenue as compared to the same period last year.

Here is the Data

Future Outlook

Considering the overall demand situation and the outlook, it is expected that the steel prices to remain buoyant in the international market and in line with that domestic steel prices will fluctuate. Historically, the growth in demand in the 2nd half of the year is much better. The Indian Steel Industry is hoping to see the repeat of the same thing so the growth in demand for steel will be 5% or more.

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post STEEL SECTOR: Q1 ( APR – JUN ’17 ) RESULTS AND ANALYSIS appeared first on Upcoming ipos: Latest news on stocks, economy & finance.