UltraTech Cement Profit Rises 114% To Rs 1,700 Crore In June Quarter

Aditya Birla group company UltraTech Cement announced its April-June quarter results for the financial year 2021-22 on Thursday, July 22, reporting a net profit of 1,700 crore on a consolidated basis. The company's profit in the first quarter of the current fiscal jumped 114 per cent as its net profit stood at Rs 794.2 crore in the corresponding quarter last year. 

UltraTech Cement's revenue from operations in the June quarter stood at Rs 11,830 crore, compared to Rs 7,671 crore in the same quarter last year, marking a growth of 54.2 per cent year-on-year, according to a regulatory filing by the firm to the stock exchanges. 

The company's consolidated net sales stood at Rs 11,698 crore, compared to Rs 7,600 crore in the year-ago period. UltraTech Cement's total income in the quarter stood at Rs 12,034 crore, compared to Rs 7,949 crore in the corresponding period last year.

The company's EBITDA (earnings before interest, tax, depreciation, and amortization ) during the June quarter increased 59.2 percent to Rs 3,307.5 crore from Rs 2,077.7 crore in the year-ago period. In the preceding January-March quarter of the financial year 2020-21, UltraTech Cement's net profit had declined 45 per cent to Rs 1,775 crore on a consolidated basis.

The company's capacity utilisation during the April-June quarter was 73 per cent, compared to 46 per cent year-on-year, according to its statement. UltraTech Cement added that its production cost during the quarter increased 11 per cent year-on-year due to higher fuel prices.

On Thursday, July 22, shares of UltraTech Cement settled 0.49 per cent higher at Rs 7,459.85 crore apiece on the BSE.