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UltraTech Cement fiscal Q2 profit climbs 18.2% YOY

UltraTech Cement Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 13.78 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 15.69 rupees per share.

EPS rose 18.2% year over year from 11.67 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.79 billion rupees, an increase of 18.2% from 3.20 billion rupees in the year-earlier period.

The normalized profit margin increased to 6.4% from 5.6% in the year-earlier period.

Total revenue grew year over year to 59.51 billion rupees from 57.23 billion rupees, and total operating expenses climbed on an annual basis to 52.45 billion rupees from 51.05 billion rupees.

Reported net income grew from the prior-year period to 4.27 billion rupees, or 15.55 rupees per share, from 4.14 billion rupees, or 15.09 rupees per share.

As of Oct. 19, US$1 was equivalent to 64.84 Indian rupees.