UltraTech Cement Revenue Rises 114% To Rs 1,700 Crore In June Quarter
Aditya Birla group firm UltraTech Cement introduced its April-June quarter outcomes for the monetary 12 months 2021-22 on Thursday, July 22, reporting a web revenue of 1,700 crore on a consolidated foundation. The corporate’s revenue within the first quarter of the present fiscal jumped 114 per cent as its web revenue stood at Rs 794.2 crore within the corresponding quarter final 12 months.
UltraTech Cement’s income from operations within the June quarter stood at Rs 11,830 crore, in comparison with Rs 7,671 crore in the identical quarter final 12 months, marking a progress of 54.2 per cent year-on-year, in response to a regulatory submitting by the agency to the inventory exchanges.
The corporate’s consolidated web gross sales stood at Rs 11,698 crore, in comparison with Rs 7,600 crore within the year-ago interval. UltraTech Cement’s whole earnings within the quarter stood at Rs 12,034 crore, in comparison with Rs 7,949 crore within the corresponding interval final 12 months.
The corporate’s EBITDA (earnings earlier than curiosity, tax, depreciation, and amortization ) throughout the June quarter elevated 59.2 p.c to Rs 3,307.5 crore from Rs 2,077.7 crore within the year-ago interval. Within the previous January-March quarter of the monetary 12 months 2020-21, UltraTech Cement’s web revenue had declined 45 per cent to Rs 1,775 crore on a consolidated foundation.
The corporate’s capability utilisation throughout the April-June quarter was 73 per cent, in comparison with 46 per cent year-on-year, in response to its assertion.
On Thursday, July 22, shares of UltraTech Cement settled 0.49 per cent larger at Rs 7,459.85 crore apiece on the BSE.