UltraTech closer to being net-debt free due to stellar Jun qtr earnings2 min read 22 Jul 2021, 04:19 PM IST
Ultratech Cement reported average realisation at ₹5,157/tonne rose more than 7% on a sequential basis. Its operating cost/tonne increased 2.6% sequentially and around 4.3% compared to the year ago period. However, input cost/tonne contracted sequentially by 2%.
Better-than-expected realizations and tight cost curbs aided the earnings performance of UltraTech Cement Ltd in a quarter marred by covid-led curbs. The pan-India focused cement maker saw realizations hit a multi-quarter high in an otherwise seasonally weak quarter because of firm cement prices. On a per tonne basis, its average realization stood at ₹5,157 in Q1FY22, up by around 7% sequentially.
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