Mumbai, Apr 29
UltraTech Cement Q4 Earnings: The company reported a net profit of Rs 2,258.58 crore in the fourth quarter of FY24, a jump of 35.2% on year, against Rs 1,670.10 crore posted in Q4 of FY23.
It reported an increase of 9.4% on year to Rs 20,418.94 in the revenue from operations in Q4 of FY24 Vs Rs 18,662.38 crore it reported in Q4 of the previous year.
The EBITDA or operating profit for the period came in at Rs 4,250 for Q4 FY24, up 23% on year in comparison to Rs 3,444 it reported in the corresponding period in the previous year. Q4 Results 2024 LIVE Updates: UltraTech Cement, KPIT Technologies, PNB Housing Finance, Tata Chemicals, UCO Bank, more to announce earnings today Also, Ultratech Cement has declared a dividend of Rs 70 per equity share. “A dividend of 700% at the rate of Rs. 70/- per equity share of Rs. 10/- each for the year ended 31st March, 2024, subject to the approval of shareholders at the ensuing Annual General Meeting (“AGM”) of the company,” said the company in an exchange filing. The company’s net sales rose to Rs 20,069 crore in Q4 of FY24, an increase of 9% year-over-year in comparison to Rs 18,463 crore it recorded in the same quarter a year ago. The Birla Group’s cement company posted a profit before tax (PAT) for the quarter ending March of Rs 2,258 crore, an increase of 36% on year compared to Rs 1,666 crore in the same quarter of the last year. Its profit before interest, depreciation, and tax stood at Rs 4,250 crores for Q4 of FY24, up 23% against Rs 3,444 crores in the corresponding period of the previous year. The company recorded a consolidated net sale of Rs 69,810 crore, rose 12% on year from Rs 62,338 crore it reported a year ago. Its profit before interest, depreciation, and tax came in at Rs 13,586 crores against Rs 11,123 crores in FY23, recording a growth of 22%.
The cement major’s profit after tax (PAT) stood at Rs 7,005 crores, a jump of 38% as compared to Rs 5,064 crores in FY23.
The company recorded a growth of 13% in volume for FY24, out of which 11% was contributed by Q4 FY24. It also achieved a full-year operating profit per metric tonne of Rs 1,101.
Its operating profit for the year stood at Rs 13,586 crore, up 22.1% on year, compared to Rs 11,123 crore it reported in the previous year.
UltraTech added 13.27 mtpa grey cement capacity. Further, it commissioned greenfield cement capacities at Karur, Tamil Nadu and Kukurdih, Chhattisgarh of 2.7 mtpa each.
