Last Updated: April 28, 2023, 18:24 IST
For the monetary yr ended March 2023, UltraTech’s internet revenue declined 30.82 per cent to Rs 5,073.40 crore. It was Rs 7,334.26 crore in FY22.
UltraTech’s whole bills in Q4 FY23 improve 19.76 per cent to Rs 16,292.95 crore from Rs 13,604.20 crore a yr in the past
Aditya Birla group agency UltraTech Cement on Friday reported a 36.1 per cent decline in its consolidated internet revenue to Rs 1,670.10 crore for the fourth quarter ended March 2023, primarily due to a rise in enter price. The firm had posted a internet revenue of Rs 2,613.75 crore within the January-March interval a yr in the past, UltraTech Cement stated in a BSE submitting.
However, its income from operations rose 17.72 per cent to Rs 18,562.38 crore through the quarter below overview in opposition to Rs 15,767.28 crore within the year-ago interval.
UltraTech’s whole bills in Q4 FY23 elevated 19.76 per cent to Rs 16,292.95 crore from Rs 13,604.20 crore a yr in the past.
The whole revenue within the March quarter surged 20.71 per cent to Rs 18,783.59 crore.
During the quarter, “the corporate noticed a rise in power price by 17 per cent YoY (year-on-year) and 4 per cent decrease QoQ (quarter-on-quarter). Prices of pet coke and coal elevated 18 per cent YoY. Raw materials price was up 9 per cent YoY on account of improve in the price of fly ash, slag and gypsum and many others,” UltraTech stated in its incomes assertion.
In the fourth quarter, UltraTech’s domestic sales grew 15 per cent with a capacity utilisation of 95 per cent. Ultratech’s total consolidated sales volume in the March quarter rose 14 per cent to 31.7 million metric tonnes.
For the financial year ended March 2023, UltraTech’s net profit declined 30.82 per cent to Rs 5,073.40 crore. It was Rs 7,334.26 crore in FY22. Its revenue for operation in FY23 increased 20.23 per cent to Rs 63,239.98 crore against Rs 52,598.83 crore a year ago.
“UltraTech achieved the unique distinction of registering 100 million tonnes of production, dispatches and sales in FY23. This was backed by an effective capacity utilisation of 95 per cent during this quarter and 84 per cent capacity utilisation for the year,” it stated.
Meanwhile, in a separate submitting, UltraTech knowledgeable that its board in a gathering held on Friday really helpful a dividend of Rs 38 per fairness share of Rs 10 every for the yr ended March 31, 2023.
UltraTech stated its capital and monetary assets stay totally protected, and its liquidity place is satisfactorily lined. Over the outlook, UltraTech stated, “Demand for cement throughout all sectors continues to stay robust, which augurs nicely for the Company”.
Share of UltraTech Cement Ltd on Friday settled at Rs 7,554.60 apiece on BSE, up 0.71 per cent from the previous close.
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