NEW DELHI: UltraTech Cement's standalone net profit fell 32.81 per cent year-on-year to Rs 598.39 crore for the three months to June.ETNow poll had predicted a profit of Rs 540 crore for the period in question.
The corresponding figure in the previous year was Rs 890.62 crore.
Standalone revenue increased 15 per cent YoY to Rs 8,655 crore during April-June, from Rs 7,520.28 crore in the year-ago period.
ETNow poll had predicted a revenue of Rs 8,540 crore.Standalone earnings per share on a standalone basis slipped to Rs 21.79 in Q1 FY19 over Rs 32.44 in Q1 FY18.UltraTech Cement posted a consolidated net profit of Rs 632.04 crore on a consolidated basis.
The figure includes those for the cement plants acquired from Jaiprakash Associates and Jaypee Cement Corporation on June 29, 2017.
Hence, the figures for the June quarter are not comparable.Standalone EBITDA slipped 2 per cent YoY to Rs 1,697 crore for the quarter under review, from the earlier Rs 1,725 crore.
Margin dipped to 20 per cent from 26 per cent during the same period.The stock was almost flat at Rs 3,907 at around 2.30 pm.