UltraTech Cement profit increases 114% to Rs 1,700 Crore in June quarter

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Ultra Tech Cement earnings in the first quarter: Operating revenue increased 54.2% to 11,830 crore rupees

Aditya Birla group company UltraTech Cement announced Thursday, July 22 its results for the April to June quarter for fiscal year 2021-22, reporting net profit of 1,700 crore on a consolidated basis. The company’s first quarter profit for the current fiscal year jumped 114 percent, with net profit rising to Rs 794.2 crore in the corresponding quarter of last year.

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UltraTech Cement’s operating income in the June quarter was Rs 11,830 crore, compared to Rs 7,671 crore in the same quarter last year, marking a 54.2% year-on-year growth annual, according to a regulatory file of the company with the stock exchanges.

The company’s consolidated net sales were Rs 11,698 crore, up from Rs 7,600 crore a year ago. UltraTech Cement’s total income in the quarter was Rs 12,034 crore, compared to Rs 7,949 crore in the corresponding period last year.

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The company’s EBITDA (earnings before interest, taxes, depreciation and amortization) in the June quarter increased 59.2% to Rs 3,307.5 crore from Rs 2,077.7 crore the previous year. In the prior quarter of January to March of fiscal year 2020-21, UltraTech Cement’s net profit declined 45% to Rs 1,775 crore on a consolidated basis.

The company’s capacity utilization in the April-June quarter was 73 percent, down from 46 percent year-on-year, according to its statement.

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On Thursday, July 22, shares of UltraTech Cement rose 0.49% to 7,459.85 crore each on BSE.

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