UltraTech net profit at Rs 212 cr

Mumbai, Jan 18 | Updated: Jan 19 2007, 05:42am hrs
UltraTech Cement Limited, an Aditya Birla Group Company, recorded an eight times (783%) jump in net profit to Rs 212 crore in the third quarter ending December 31, 2006, against Rs 24 crore in the corresponding quarter of the previous year. Management efforts to neutralise escalating energy costs per tonne and better domestic and export realisations have delivered the desired result, the company said.

The UltraTech stocks touched a 52-week high of Rs 1,204.95 in intraday trading on the BSE on Thursday before ending the day 1.48% down to close at Rs 1146.60.

A 50 % growth in domestic sales realisation, higher volumes and better capacity utilisation escalated the companys sales by 60% to Rs 1,260 crore up from Rs 789 crore. Capacity utilisation has improved from 88% to 103%. The surge in turnover is also due to increased sales volumes, which grew by 15%.