Coal news and updates

UltraTech Cement Q4 net profit up 15%

April 24: UltraTech Cement Limited, the Aditya Birla Group flagship, on April 23, reported a 15.42% increase in net profit at Rs 838 crore for the final quarter (January- March or Q4), against Rs 726 crore recorded in the same quarter a year ago.

During the period under review, the company's net sales too increased by 8.18% to Rs 5,832 crore compared to Rs 5,391 crore recorded in the corresponding period of 2012-13.

For financial year 2013-14, net sales of the company stood at Rs 20,078 crore compared to 20,023 crore in 2012-13, registering a marginal increase, while net profit stood at Rs 2,144 crore, down from Rs 2,655 crore in 2012-13.

The company said that results during 2013-14 were impacted by higher logistics and input costs due to increase in railway freight charges and hike in diesel prices.

"Although there was some relief on account of softening in prices of imported coal, the impact was negated by the depreciation in the rupee." the statement added.

The company expects demand to grow almost 8% on a long-term basis, mainly driven by housing and infrastructure spending.

Following are the Q4 and annual results of UltraTech Cement Limited in 2013-14 and 2012-13 (in Rs crore):