UltraTech Cement Q3 Results: The firm registered a drop of 45 per cent in internet revenue
Aditya Birla group firm UltraTech Cement reported a internet revenue of Rs 1.775 crore within the January-March quarter of the monetary yr 2020-21, in comparison with Rs 3,236.85 crore within the corresponding quarter of the earlier fiscal, marking a forty five per cent decline year-on-year. According to a regulatory submitting by the agency to the inventory exchanges, UltraTech Cement’s income from operations stood at Rs 14,405.61 crore within the March quarter. (Also Read: UltraTech Cement Q3 Results: Net Profit More Than Doubles To Rs 1,584 Crore )
The firm’s income registered a development of 32 per cent year-on-year, because the income from operations reported in the identical quarter earlier fiscal was Rs 10,854.48 crore. The firm’s consolidated internet gross sales stood at Rs 14,232 crore, in comparison with Rs 10,689 crore within the year-ago interval.
UltraTech Cement’s revenue earlier than curiosity, depreciation, and tax stood at Rs. 3,751 crore, in comparison with Rs. 2,645 crore within the corresponding interval of the earlier fiscal yr.
According to a submitting to the inventory exchanges immediately, the corporate’s board of administrators really useful a dividend of 370 per cent on the fee of Rs 37 per fairness share with a face worth of Rs 10 per share aggregating Rs 1,068 crore. The dividend is topic to the approval of the corporate’s shareholders.
According to the assertion, UltraTech mentioned that the restoration from COVID-19 led disruptions to the economic system through the fiscal yr 2020-21 was speedy. It added that the corporate achieved a capability utilisation of 93 per cent through the fourth quarter of the fiscal yr.
On Friday, May 7, shares of UltraTech Cement settled 1.23 per cent larger at Rs 6,484.80 apiece on the BSE.
