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Stock Focus Tuesday: UltraTech net profit zooms 72-pc

UltraTech-stock-Focus

Aditya Birla group leading Cement company, Ultratech Cement Limited reported its financial outcome for the September quarter (Q2FY2019-20) today, 21-October, 2019.

According to the earning reports, the Company’s net profit for the quarter rose 72.3-pc on a standalone basis at Rs.639-Cr against Rs.371-Cr in the corresponding period last year.

The company’s revenue jumped 4.3-pc at Rs9254-Cr as against Rs.8,869-Cr, year-on-year. Get best stock Tips from the experts.

The Company’s EBITDA rose 29.2-pc at Rs.1,813-Cr against Rs.1403-cr, YoY, while The EBITDA margin was up 380-base points at 19.6-pc V/s 15.8 percent.

On last Friday, Shares of Ultra-tech Cement was closed at Rs.4,272.20  up Rs.11.75 from the previous closing on the NSE. In the light of the strong performance in the earnings, shares of Ultratech would be in focus tomorrow, 22-October, 2019. For Free stock tips  visit our website.