InvestorQ : How do you see the results of Ultratech in the June quarter?
Aditi Sharma made post

How do you see the results of Ultratech in the June quarter?

Answer
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Tisha Malhotra answered.
1 year ago


India’s largest cement manufacturer, Ultratech, doubled its net profits for the June quarter to Rs.1199 crore even as revenues grew by 15% to Rs.9795 crore in the June quarter. The company saw a strong growth in revenues, better cost control and also smarter operating profit margins for the June quarter. With the integration of Century cement operations, Ultratech will now have an installed capacity of 118 million tonnes per annum.

The real kicker for the stock was the 700 bps expansion in its operating margins to 26% making it the most profitable among the large cement manufacturers. Although the stock is richly valued, it makes sense to buy the stock for the long term.