UltraTech Cement logs 48% YoY growth in Q4 net to Rs 2,620 cr, sales up 9%

Ebitda declined 16% YoY to Rs 3,165 cr, while Ebitda margins stood at 19.5% in Q4 versus 25.6% last year, as energy costs swelled in the period under review

The country's largest cement maker, UltraTech, on Friday reported a nearly 48 per cent year-on-year (YoY) increase in consolidated net profit to Rs 2,620 crore for the quarter ended March 31, 2022 (Q4), beating street estimates by a wide margin.

Bloomberg consensus estimates had pegged net profit for the quarter at Rs 1,504 crore. When adjusted for one-time gains including a reversal of provision for income tax to the tune of Rs 983 crore and sale of an asset for Rs 160 crore, net profit for the quarter stood at Rs Rs 1,477 crore, its financial results showed.

Net sales were up