India’s UltraTech Cement has reported a 29 per cent YoY fall in its standalone profit for the 4QFY18 period, to INR4.88bn (US$73.05m) from INR6.88bn. The decline has been partly attributed to a stamp duty of INR2.26bn and deferred tax of INR410m due to a change in tax rates.
Standalone revenue rose 36.5 per cent to INR90.02bn for the period, according to Money Control. EBITDA grew 33.2 per cent to INR17.03bn from INR13.56bn, while the EBITDA margin contracted to 18.9 per cent from 19.3 per cent. The company stated that the quarter was impacted by an increase in input costs, such as the rise in petcoke and coal prices.
The company also recorded a 31 per cent surge in volumes and a five per cent increase in realisations. Domestic sales volumes rose 32 per cent to 17.64Mt, compared to 13.35Mt of the year-ago quarter.
