UltraTech Cement stated that its whole gray cement manufacturing capability in India now stands at 131.25 mtpa
| Photo Credit: REUTERS
Aditya Birla group agency UltraTech Cement on Friday reported a 7% rise in consolidated revenue after tax (PAT) to ₹1,688 crore for the primary quarter ended June 2023, aided by strong gross sales within the home market.
The firm had posted a PAT of ₹1,584 crore within the April-June quarter of the final fiscal.
Net gross sales rose to ₹17,519 crore within the first quarter in contrast with ₹15,007 crore within the year-earlier interval, UltraTech Cement stated in a regulatory submitting.
The firm stated it continues to ship robust development quarter after quarter, reaching a 20% growth throughout the June quarter.
During the April-June interval, the corporate achieved capability utilisation of 89% towards 83% throughout the first quarter of FY23, it stated.
Domestic gross sales quantity registered 20% development year-on-year, it added.
UltraTech Cement stated that its whole gray cement manufacturing capability in India now stands at 131.25 mtpa.
Work on the corporate’s subsequent section of development of twenty-two.6 mtpa is in full swing, it added.
Commercial manufacturing from new capacities is anticipated to go on stream in a phased method by FY25/FY26, the corporate acknowledged.
On enterprise outlook, it famous that demand for cement throughout all sectors continues to stay robust, which is a extremely beneficial issue.
“Higher infrastructure spending ahead of the general elections in 2024 is expected to further propel cement demand during this fiscal,” it added.
Shares of the corporate had been buying and selling 0.51% up at ₹8,265.50 apiece on the BSE.
