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Ultratech cement delivers strong earning growth in Q1

Ultratech Cement delivered a strong set of results for the Q1FY22 beating street estimates, below are the highlights of the results • Revenues at `11,830cr vs `7671cr, up 54% • EBITDA at `3307cr vs `2077cr, up 59% • Margins at 27.9% vs 27.1% • PAT at `1700cr vs `794cr, up 114% • Sales volume up by 47% YoY to 21.5mnT Highlights • Production cost increased 11% YoY, from higher fuel prices • Effective capacity utilisation at 73% vs 46% in Q1FY21 • Expansion program on track & estimated to be completed by the end of FY23 • Strong average realization and resilient input cost • Expansion of 19.5 mtpa cement capacity is on track Commentary • Second wave impacted domestic cement consumption in rural/urban areas alike • Construction activities are treading towards normalcy • North IHB witnessed increase in demand led by rural housing • Maharashtra seeing Demand across housing and infrastructure segment Watch the video to know more!

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