UltraTech This autumn End result: Internet Revenue Falls 36% YoY to Rs 1,670 Crore, Income Up 17.7%

Aditya Birla group agency UltraTech Cement on Friday reported a 36.1 per cent decline in its consolidated web revenue to Rs 1,670.10 crore for the fourth quarter ended March 2023, primarily resulting from a rise in enter price. The corporate had posted a web revenue of Rs 2,613.75 crore within the January-March interval a yr in the past, UltraTech Cement mentioned in a BSE submitting.

Nonetheless, its income from operations rose 17.72 per cent to Rs 18,562.38 crore through the quarter underneath assessment towards Rs 15,767.28 crore within the year-ago interval.

UltraTech’s complete bills in This autumn FY23 elevated 19.76 per cent to Rs 16,292.95 crore from Rs 13,604.20 crore a yr in the past.

The entire earnings within the March quarter surged 20.71 per cent to Rs 18,783.59 crore.

Through 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). Costs of pet coke and coal elevated 18 per cent YoY. Uncooked materials price was up 9 per cent YoY on account of enhance in the price of fly ash, slag and gypsum and so on,” UltraTech mentioned in its incomes assertion.

Within the fourth quarter, UltraTech’s home gross sales grew 15 per cent with a capability utilisation of 95 per cent. Ultratech’s complete consolidated gross sales quantity within the March quarter rose 14 per cent to 31.7 million metric tonnes.

For the monetary yr ended March 2023, UltraTech’s web revenue declined 30.82 per cent to Rs 5,073.40 crore. It was Rs 7,334.26 crore in FY22. Its income for operation in FY23 elevated 20.23 per cent to Rs 63,239.98 crore towards Rs 52,598.83 crore a yr in the past.

“UltraTech achieved the distinctive distinction of registering 100 million tonnes of manufacturing, dispatches and gross sales in FY23. This was backed by an efficient capability utilisation of 95 per cent throughout this quarter and 84 per cent capability utilisation for the yr,” it mentioned.

In the meantime, in a separate submitting, UltraTech knowledgeable that its board in a gathering held on Friday really useful a dividend of Rs 38 per fairness share of Rs 10 every for the yr ended March 31, 2023.

UltraTech mentioned its capital and monetary assets stay absolutely protected, and its liquidity place is satisfactorily lined. Over the outlook, UltraTech mentioned, “Demand for cement throughout all sectors continues to stay sturdy, which augurs properly for the Firm”.

Share of UltraTech Cement Ltd on Friday settled at Rs 7,554.60 apiece on BSE, up 0.71 per cent from the earlier shut.

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