INSUBCONTINENT EXCLUSIVE:
At 12:05 pm, UltraTech Cement shares were trading lower by 1.31 per cent on BSEUltraTech Cement shares shed more than 1 percent on the BSE
in early-noon trading after the Aditya Birla group business reported a decline in net earnings in the 4th quarter ended March 2021
At 12:05 pm, the shares of UltraTech Cement were trading at Rs 6,400, lower by Rs 84 or 1.31 percent, on the BSE.UltraTech Cement reported a
net profit of Rs 1.775 crore in the January-March quarter of financial year 2020-21, compared to Rs 3,236.85 crore in corresponding quarter
of the previous financial, marking a 45 percent decrease on a year-on-year basis.UltraTech Cement's income from operations stood at Rs
14,405.61 crore in the March quarter, the company said in a regulatory filing to the stock exchanges
Profit prior to interest, depreciation, and tax stood at Rs 3,751 crore during the quarter, compared to Rs
2,645 crore in the corresponding period of the previous fiscal year.Meanwhile, UltraTech Cement's board of directors has actually
suggested a dividend of 370 per cent i.e
Rs 37 per share.The BSE Sensex was trading at 49,538.95, greater by 333.17 points or 0.68 percent and the NSE Nifty was at 14,938.70, up
115.70 points or 0.78 per cent.
