For the fourth quarter that concluded on March 31, 2024, UltraTech Cement Ltd. announced a 35.24 percent increase in consolidated net profit at Rs 2,258.58 crore on Monday. According to a regulatory filing from UltraTech, the top cement manufacturer reported a consolidated net profit of Rs 1,670.10 crore for the January–March quarter of the previous fiscal year.
Over the reviewed period, its operating revenue increased by 9.41% to Rs 20,418.94 crore. A year before, it was valued at Rs 18,662.38 crore during the same time.
The entire amount spent by UltraTech for the March quarter was Rs 17,381.09 crore, an increase of 6.67 percent.
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 tonnes (MT). The grey cement had a 33.22 MT content.
In the January–March period, the company’s domestic sales increased 11% year over year while its capacity utilisation was 98%, as per 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.
