Q4 Results for UltraTech Cement: Revenue Increases 9.4%, Net Profit Soars 35% to Rs 2,258.6 Crore
For the quarter ending in March 2024, UltraTech Cement Ltd. recorded a 35.24% increase in its consolidated net profit to Rs 2,258.58 crore. From January to March of 2024, its operating revenue was Rs 20,418.94 crore, up 9.41 percent from Rs 18,662.38 crore in the same period the previous year.
According to a regulatory filing from UltraTech, the company reported a consolidated net profit of Rs 1,670.10 crore for the January–March quarter of the previous fiscal year.
The largest cement’s overall costs for the March quarter increased 6.67 percent to Rs 17,381.09 crore.
The Aditya Birla Group company’s total revenue, which includes other income, increased by 9.42% to Rs 20,554.55 crore during the March quarter. Consolidated sales volume for Ultratech increased by 11% to 35.08 million metric tons (MT). The gray cement had a 33.22 MT content.
In the January–March quarter, the company’s domestic sales increased 11% year over year while its capacity utilization was 98%, according to the company’s financial presentation. UltraTech Cement’s net profit for the fiscal year that concluded on March 31, 2024, increased by 38.05 percent to Rs 7,003.96 crore. A year ago, it was valued at Rs 5,073.40 crore.
Its overall revenue increased 12.21% to Rs 71,525.09 crore in FY24. UltraTech Cement Ltd.’s shares finished at Rs 9,984 on the BSE on Monday, up 2.93% from the previous close.
