UltraTech Cement Q4 net profit rise 35% to Rs 2,260 Crore

UltraTech Cement Ltd on Monday reported 35.24% rise in consolidated net profit at Rs 2,258.58 Crore for the fourth quarter (Q 4) ended March 31, 2024. The foremost cement maker had posted a consolidated net profit of Rs 1,670.10 Crore in the January to March quarter. In the last financial year, according to a regulatory filing by UltraTech.
 
Its revenue from operations increased by 9.41% to Rs 20,418.94 Crore during the period under review. It was Rs 18,662.38 Crore in the same period a year back. UltraTech’s total expenses in the March quarter increased by 6.67% to Rs 17,381.09 Crore. The Aditya Birla Group company’s total income, which includes other income, was up 9.42% at Rs 20,554.55 Crore in the March quarter. UltraTech’s consolidated sales volumes were up 11% at 35.08 million metric tonnes (MT). The gray cement in this was 33.22 metric tons.
 
According to the company’s earnings presentation, its domestic sales in the January-March period grew 11% year-on-year with capacity utilization at 98%.

For the financial year ending March 31, 2024, UltraTech Cement’s net profit rose 38.05% to Rs 7,003.96 Crore. A year back it was at Rs 5,073.40 Crore. Its total income in FY24 was up 12.21 per cent at Rs 71,525.09 Crore. Shares of UltraTech Cement Ltd closed at Rs 9,984 on the BSE on Monday, up 2.93 per cent from its previous close.