trending Market Intelligence /marketintelligence/en/news-insights/trending/etxkpx5yxq78ijgeTg05dA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

UltraTech Cement profit misses consensus by 32.6% in fiscal Q2

Blog

M&A rebound sparks optimism for near-term deal activity

Blog

Fintech Intelligence Newsletter: February 2021

Blog

Q&A: Navigating Climate Risk as a Financial Risk

Blog

Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain


UltraTech Cement profit misses consensus by 32.6% in fiscal Q2

UltraTech Cement Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 14.52 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 21.53 rupees per share.

EPS decreased 28.7% year over year from 20.37 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.99 billion rupees, a decrease of 28.7% from 5.59 billion rupees in the year-earlier period.

The normalized profit margin fell to 5.8% from 9.8% in the year-earlier period.

Total revenue climbed 21.5% year over year to 69.36 billion rupees from 57.09 billion rupees, and total operating expenses grew 25.7% on an annual basis to 60.63 billion rupees from 48.24 billion rupees.

Reported net income fell 31.2% from the prior-year period to 4.23 billion rupees, or 15.39 rupees per share, from 6.14 billion rupees, or 22.37 rupees per share.

As of Oct. 18, US$1 was equivalent to 65.07 Indian rupees.