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UltraTech Cement fiscal Q1 profit climbs 34.9% YOY

UltraTech Cement Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 25.59 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 25.82 rupees per share.

EPS rose 34.9% year over year from 18.97 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 7.03 billion rupees, an increase of 34.9% from 5.21 billion rupees in the year-earlier period.

The normalized profit margin climbed to 10.7% from 8.2% in the year-earlier period.

Total revenue climbed year over year to 65.38 billion rupees from 63.72 billion rupees, and total operating expenses fell on an annual basis to 53.85 billion rupees from 54.72 billion rupees.

Reported net income rose 32.0% on an annual basis to 7.80 billion rupees, or 28.41 rupees per share, from 5.91 billion rupees, or 21.53 rupees per share.

As of July 19, US$1 was equivalent to 67.20 Indian rupees.