Ultratech Q4 net up 22 pc to Rs 282.88 cr

New Delhi, Apr 22: Ultratech Cement Ltd today said its net profit for the fourth quarter ended March 31, 2008 was increased 22.17 per cet to Rs 282.88 crore compared to Rs 231.54 crore in the corresponding quarter last year.

Its Total Income has increased 9.68 per cent to Rs 1,628.69 crore for the fourth quarter from Rs 1,484.82 crore last year. For the Year ended March 31, 2008 the company has posted a net profit of Rs 1,007.61 crore compared to Rs 782.28 crore last fiscal, an increase of 28.8 per cent. Total Income for FY08 has increased 12.81 per cent to Rs 5,609.07 crore for the year ended March 31, 2008 from Rs 4,971.98 crore last fiscal.

The consolidated results of the group showed a 28.68 per cent increase in its net profit to Rs 1,010.05 crore for the year ended March 31, 2008 as compared to Rs 784.91 crore last fiscal. Its Total Income has increased 13.84 per cent to Rs 5,723.61 crore for FY08 from Rs 5,027.61 crore last fiscal. On its outlook Ultratech Cement said, ''Overall, demand is expected to grow by nine per cent. The Industry will inevitably experience a surplus of supply over demand on account of additional capacity of 118 MMT, during the XIth Plan Period which is expected to have an impact on domestic prices in CY09.'' The company said in a statement that its board has recommended a dividend of Rs five per equity share of Rs 10 each for the year ended March 31, 2008.

UNI