UltraTech Cement Net Profit Declines 45% To Rs 1,775 Crore In March Quarter

Aditya Birla group firm UltraTech Cement reported a internet revenue of Rs 1.775 crore within the January-March quarter of the monetary 12 months 2020-21, in comparison with Rs 3,236.85 crore within the corresponding quarter of the earlier fiscal, marking a forty five per cent decline year-on-year. Based on a regulatory submitting by the  agency to the inventory exchanges, UltraTech Cement’s income from operations stood at Rs 14,405.61 crore within the March quarter. (Additionally Learn: UltraTech Cement Q3 Results: Net Profit More Than Doubles To Rs 1,584 Crore )

The corporate’s income registered a progress of 32 per cent year-on-year, because the income from operations reported in the identical quarter earlier fiscal was Rs 10,854.48 crore. The corporate’s consolidated internet gross sales stood at Rs 14,232 crore, in comparison with Rs 10,689 crore within the year-ago interval. 

UltraTech Cement’s revenue earlier than curiosity, depreciation, and tax stood at Rs. 3,751 crore, in comparison with Rs. 2,645 crore within the corresponding interval of the earlier fiscal 12 months. 

Based on a submitting to the inventory exchanges at this time, the corporate’s board of administrators beneficial a dividend of 370 per cent on the charge of Rs 37 per fairness share with a face worth of Rs 10 per share aggregating Rs 1,068 crore. The dividend is topic to the approval of the corporate’s shareholders.

Based on the assertion, UltraTech stated that the restoration from COVID-19 led disruptions to the financial system in the course of the fiscal 12 months 2020-21 was speedy. It added that the corporate achieved a capability utilisation of 93 per cent in the course of the fourth quarter of the fiscal 12 months. 

On Friday, Could 7, shares of UltraTech Cement settled 1.23 per cent greater at Rs 6,484.80 apiece on the BSE.