The consolidated revenues for the quarter climbed 18 per cent to Rs 12,144 crore compared with Rs 10,262 crore in the same quarter last year.
Margin for the quarter expanded 700 basis points to 28 per cent from 21 per cent in the year-ago quarter, the cement maker said in a BSE filing.
The company had reported a similar 28 per cent margin in September quarter.
Consolidate volumes for the quarter rose 14 per cent to 23.88 mt compared with 20.90 mt in the year-ago quarter.
Debt to equity ratio for the company stood at 0.19 per cent at the end of December quarter, compared with 0.27 per cent at the end of September quarter and 0.48 per cent in the year-ago quarter.
During the quarter, the company board approved a capex of Rs 5,477 crore towards increase in capacity to 12.8 mtpa with a mix of brown and green field projects. The additional capacity, the company said, is being created in the fast-growing markets of east, central and north regions. This expansion, the company said, is in addition to the 6.7 mpta capacity addition in UP, Bihar and West Bengal that is expected to be commissioned by FY22.
The company expects cement demand to grow on the back of the government’s push on infrastructure projects.
