Net profit up 114% in June quarter, more than doubled to Rs 1,700 crore

UltraTech Cement's profit up 114% to Rs 1,700 crore in June quarter

Ultra Tech Cement Q1 Earnings: Revenue from operations up 54.2 per cent to Rs 11,830 crore

Aditya Birla Group company UltraTech Cement on Thursday, July 22 announced its April-June quarter results for the financial year 2021-22, reporting a net profit of Rs 1,700 crore on a consolidated basis. The company’s profit jumped 114 per cent in the first quarter of the current fiscal as its net profit stood at Rs 794.2 crore in the corresponding quarter of the previous year.

UltraTech Cement’s revenue from operations stood at Rs 11,830 crore in the June quarter, up from Rs 7,671 crore in the same quarter last year, showing a year-on-year growth of 54.2 per cent, according to a regulatory filing by the firm. stock exchanges.

The company’s consolidated net sales stood at Rs 11,698 crore as compared to Rs 7,600 crore in the year-ago period. UltraTech Cement’s total income for the quarter stood at Rs 12,034 crore as against Rs 7,949 crore in the same period last year.

The company’s EBITDA (earnings before interest, taxes, depreciation and amortization) during the June quarter rose 59.2 per cent to Rs 3,307.5 crore, from Rs 2,077.7 crore in the year-ago period. In the preceding January-March quarter of the financial year 2020-21, UltraTech Cement’s net profit declined by 45 per cent to Rs 1,775 crore on a consolidated basis.

According to the company statement, the company’s capacity utilization during the April-June quarter was 73 per cent, up from 46 per cent year-on-year.

On Thursday, July 22, UltraTech Cement shares closed at Rs 7,459.85 crore, up 0.49 per cent on the BSE.

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