UltraTech Cement reported a Net sales at Rs15.0bn for Q1FY09 and a PAT of Rs Rs2.65bn. UltraTech’s average 1Q09 realizations increased 15% y-o-y and 5% q-o-q to Rs3,503 per ton. Aggregate volume in 1Q09 declined 4% y-o-y and 11% q-o-q to 4.27m ton.
EBITDA per ton came in at Rs1,044 compared to Rs982 in 1Q08 and Rs1,016 in 4Q08. Power and fuel cost per ton rose to Rs891, up 31% y-o-y and 16% q-o-q, reflecting the rise in international coal prices.
The split grinding capacity in Karnataka will be commissioned in 2Q09, raising its capacity to 23.1m tons. Being India’s largest cement exporter, its performance was impacted by the six-week export ban.