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The profit before interest, depreciation and tax was Rs 3,223 crore, compared to Rs 3,204 crore year-on-year (YoY)
Consolidated net profit for the quarter ended June 30 came in at Rs 1,688 crore ($205.8 million), compared with Rs 1,584 crore a year earlier
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While India's largest cement maker is adding capacities to gain market-share, margins are also seen improving
UltraTech's consolidated sales volume rose 19.6 per cent YoY at 29.96 mt, where domestic grey/white cement sales volume grew by ~20 per cent/11 per cent YoY, respectively.
The Cement Manufacturers' Association (CMA) collects data related to production and sales numbers in the country
The Cement Manufacturers' Association (CMA) collects data related to production and sales numbers in the country
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Shares of UltraTech Cement fell by over 1 per cent on Tuesday after the company reported a 36.1 per cent decline in its consolidated net profit for the fourth quarter ended March 2023. The stock ended 1.30 per cent lower at Rs 7,456.05 on the BSE. During the day, it went down by 1.55 per cent to Rs 7,436.75. At the NSE, it fell by 1.29 per cent to finish at Rs 7,458. The company's market valuation fell by Rs 2,845 crore to Rs 2,15,245.98 crore. Aditya Birla group firm UltraTech Cement on Friday reported a 36.1 per cent decline in its consolidated net profit to Rs 1,670.10 crore for the fourth quarter ended March 2023, mainly due to an increase in input cost. The company had posted a net profit of Rs 2,613.75 crore in the January-March period a year ago, UltraTech Cement said in a regulatory filing. However, its revenue from operations rose 17.72 per cent to Rs 18,562.38 crore during the quarter under review against Rs 15,767.28 crore in the year-ago period. UltraTech's total exp
Stocks to Watch: On the earnings front, Ambuja Cements, Adani Total Gas, PSB, Tata Steel and Uco Bank are likely to be on investors radar on Tuesday.
Its revenue for operation in FY23 increased 20.23 per cent to Rs 63,239.98 crore against Rs 52,598.83 crore a year ago
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UltraTech is making strides in its commitment to sustainability and decarbonisation of its operations with this second deployment of GreenLine's LNG-powered fleet of trucks
Price wars led by increasing capacities and aggressive competition may mar prospects
Most managements continue to be positive on the cement demand, led by the government's thrust on infrastructure projects, pick-up in urban real estate, and likely recovery in the rural segment.
UltraTech Cement said that rising government spending, recovery in the rural economy on a pickup in farm incomes and pre-sales of housing real estate should also help the industry recover.
Revenue from operations, however, rose 19.53 per cent to Rs 15,520.93 crore from Rs 12,984.93 crore in the corresponding period a year ago, its results showed
India's top cement maker, UltraTech Cement, reported a 38% decrease in quarterly profit on Saturday, dented by a surge in expenses
The derivative analyst from HDFC Securities suggests to BUY 7,200 Call for January 25 expiry of UltraTech Cement, and simultaneously SELL 7,400 Call of the same series.