Half Yearly Report

PERFORMANCE UPDATE

Half-year ended 30th September, 2013

UltraTech Cement Limited

Registered Office: Tel. 022-66917800 / 29267800 B-Wing, Ahura Centre, 2nd Floor, Fax 022-66928109 Mahakali Caves Road, Andheri (E), Mumbai - 400 093. Website www.ultratechcement.com www.adityabirla.com

31st October, 2013 Dear Shareholder,

Sub: Performance Update – half-year ended 30th September, 2013

The first six months of the year have been challenging for the economy as a whole. GDP growth was subdued at 4.4% in Q1FY14 and expected to remain at the same level in Q2FY14 also. Further, the IIP numbers remained flat as well, reflecting no signs of improvement in the economy. The sectors have adversely impacted cement demand growth too, which in our estimate has been less than 2% in H1FY14. Moreover the surplus capacity scenario also continues to prevail, resulting in pressure on selling prices. Against this background, we would like to apprise you on the performance of your Company during H1FY14. Performance Review: (` in crores) Particulars Capacity (MMTPA) Production (MMT) Sales Volume (MMT) Turnover PBIDT PBIT PAT H1FY14 50.90 19.07 19.30 9,460 1,954 1,445 937 H1FY13 48.75 19.21 19.59 9,771 2,452 1,992 1,328 % Change 4.41 (0.73) (1.48) (3.18) (20.31) (27.46) (29.44)

Your Company produced 19.07 MMT (19.21 MMT) cement in H1FY14. The effective capacity utilisation was 75% as against the industry capacity utilisation of around 68%. The combined cement and clinker sales of grey cement was 19.30 MMT (19.59 MMT) while it was 5.24 LMT (4.64 LMT) for white cement and wall care putty. Net Sales stood at ` 9,460 crores (` 9,771 crores). Profit before Interest, Depreciation and Tax was ` 1,954 crores (` 2,452 crores) while Profit after Tax was ` 937 crores (` 1,328 crores). The results for the half year ended 30th September, 2013 have been impacted on account of lower selling prices, increasing trend in logistics and raw material cost, attributable to a hike in diesel prices. On...