Dismal volumes, high costs major overhangs in Q2 performance of UltraTech

The two per cent year-on-year decline in UltraTech’s reported gross sales quantity at 17.77 million tonnes (MT) in the home operations for the September quarter (Q2) was disappointing as analysts, publish factoring in consolidation of cement capacities acquired from Century Textiles, have been anticipating a development of about four per cent to 19 MT. The enchancment in realisations on a year-on-year foundation nevertheless continued to offer assist.

The value of a 50 kg cement bag in the nation averaged at Rs 354 throughout Q2, higher than Rs 331 in the year-ago quarter. Thus, income at Rs 9,621 crore grew …

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