Ultra Tech Cement Q1 Revenues: The revenue from operations went up 54.2 percent at Rs 11,830 croreAditya Birla group business UltraTech Cement revealed its April-June quarter results for the fiscal year 2021-22 on Thursday, July 22, reporting a net revenue of 1,700 crore on a consolidated basis.
The business's profit in the first quarter of the existing financial leapt 114 per cent as its net earnings 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 very same quarter in 2015, marking a development of 54.2 per cent year-on-year, according to a regulative filing by the company to the stock exchanges.
The business's consolidated net sales stood at Rs 11,698 crore, compared to Rs 7,600 crore in the year-ago duration.
UltraTech Cement's total income in the quarter stood at Rs 12,034 crore, compared to Rs 7,949 crore in the matching duration last year.The business's EBITDA (revenues 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 duration.
In the preceding January-March quarter of the fiscal year 2020-21, UltraTech Cement's net profit had actually declined 45 per cent to Rs 1,775 crore on a consolidated basis.The company's capability utilisation throughout the April-June quarter was 73 per cent, compared to 46 percent year-on-year, according to its declaration.
UltraTech Cement added that its production expense during the quarter increased 11 percent year-on-year due to greater fuel prices.On Thursday, July 22, shares of UltraTech Cement settled 0.49 percent greater at Rs 7,459.85 crore apiece on the BSE.