UltraTech Cement Ltd., of Adity Birla Group reported fourth quarter consolidated web revenue grew 36% Year on Year (YoY) to ₹2258 crore. Consolidated web gross sales income at ₹20,069 crore rose 9% YoY on the again of sturdy demand and ongoing manufacturing expansions throughout places to attain 200 mtpa.
For FY24 the corporate’s consolidated web revenue grew 38% to ₹7,005 crore. Consolidated web gross sales for FY24 rose 12% to ₹69,810 crore, the corporate mentioned in a submitting.
The Board advisable a dividend of ₹70 per fairness share of face worth ₹10 every, aggregating ₹2,020.84 crore.
UltraTech reported quantity progress of 13% in FY24 backed by 11% quantity progress within the fourth quarter.
In the fourth quarter the corporate achieved capability utilisation of 98%, and it was 85% for the total 12 months, UltraTech mentioned.
Despite capex spends of greater than ₹9400 crore in FY24, the corporate’s web debt elevated solely by ₹77 crore, indicating sturdy money flows generated by the enterprise.
Currently 23.6% of UltraTech’s energy necessities are met via renewables the corporate mentioned, including that 156 MW of solar energy was added to its capability taking the overall to 612 MW.
During the 12 months, UltraTech added 13.27 mtpa gray cement capability throughout a number of places.
