UltraTech Cement lost 1.5% to Rs 2510 at 10:05 IST on BSE after consolidated net profit declined 6.12% to Rs 628 crore on 13.6% growth in net sales to Rs 5989 crore in Q1 June 2014 over Q1 June 2013.
The Q1 result was announced on Saturday, 19 July 2014.
Meanwhile, the S&P BSE Sensex was up 212.97 points or 0.83% at 25,854.53.
On BSE, so far 3,822 shares were traded in the counter as against average daily volume of 30,373 shares in the past one quarter.
The stock hit a high of Rs 2,540 and a low of Rs 2,462.90 so far during the day. The stock had hit a record high of Rs 2,868 on Friday, 18 July 2014. The stock had hit a 52-week low of Rs 1,404.95 on 29 August 2013.
The stock had underperformed the market over the past one month till 18 July 2014, sliding 9.12% compared with Sensex's 1.57% rise. The scrip had, however, outperformed the market in past one quarter, advancing 14.88% as against Sensex's 13.31% rise.
The large-cap company has equity capital of Rs 274.36 crore. Face value per share is Rs 10.
The figures for Q1 June 2014 include those of the Gujarat units of Jaypee Cement Corporation from 12 June 2014, and are therefore not strictly comparable with the previous year figures, UltraTech Cement said in a statement.
UltraTech Cement said that the company's on-going capex are on track. The total power capacity of the company (including WHRS) currently stands at 709 MW. This caters to around 80% of the company's power requirement, the company said in a statement.
UltraTech Cement said that cement demand is slated to grow around 7-8%, with expected double digit growth in the second half of the current fiscal. The key value drivers will be renewed government focus on housing and infrastructure spending, the company said in a statement.
UltraTech Cement, part of the Aditya Birla Group, is a leading cement manufacturer in India.
Powered by Capital Market - Live News
