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Home Business UltraTech Cement Profit Rises 114% To Rs 1,700 Crore In June Quarter

UltraTech Cement Profit Rises 114% To Rs 1,700 Crore In June Quarter

Extremely Tech Cement Q1 Earnings: The income from operations went up 54.2 per cent at Rs 11,830 crore

Aditya Birla group firm UltraTech Cement introduced its April-June quarter outcomes for the monetary yr 2021-22 on Thursday, July 22, reporting a internet revenue of 1,700 crore on a consolidated foundation. The corporate’s revenue within the first quarter of the present fiscal jumped 114 per cent as its internet revenue stood at Rs 794.2 crore within the corresponding quarter final yr. 

UltraTech Cement’s income from operations within the June quarter stood at Rs 11,830 crore, in comparison with Rs 7,671 crore in the identical quarter final yr, marking a development of 54.2 per cent year-on-year, in keeping with a regulatory submitting by the agency to the inventory exchanges. 

The corporate’s consolidated internet gross sales stood at Rs 11,698 crore, in comparison with Rs 7,600 crore within the year-ago interval. UltraTech Cement’s whole earnings within the quarter stood at Rs 12,034 crore, in comparison with Rs 7,949 crore within the corresponding interval final yr.

The corporate’s EBITDA (earnings earlier than curiosity, tax, depreciation, and amortization ) in the course of the June quarter elevated 59.2 p.c to Rs 3,307.5 crore from Rs 2,077.7 crore within the year-ago interval. Within the previous January-March quarter of the monetary yr 2020-21, UltraTech Cement’s internet revenue had declined 45 per cent to Rs 1,775 crore on a consolidated foundation.

The corporate’s capability utilisation in the course of the April-June quarter was 73 per cent, in comparison with 46 per cent year-on-year, in keeping with its assertion. UltraTech Cement added that its manufacturing price in the course of the quarter elevated 11 per cent year-on-year resulting from greater gas costs.

On Thursday, July 22, shares of UltraTech Cement settled 0.49 per cent greater at Rs 7,459.85 crore apiece on the BSE. 

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