UltraTech Cement Net Profit Declines 45% To ₹ 1,775 Crore In March Quarter
Ultra Tech Cement Q4 Results: The company’s revenue grew by 32 per cent to ₹ 14,405.61 crore in the March quarter, compared to ₹ 10,854.48 crore in year-ago periodAditya Birla group company UltraTech Cement reported a net profit of ₹ 1.775 crore in the January-March quarter of the financial year 2020-21, compared to ₹ 3,236.85 crore in the corresponding quarter of the previous fiscal, marking a 45 per cent decline year-on-year. According to a regulatory filing by the firm to the stock exchanges, UltraTech Cement’s revenue from operations stood at Rs 14,405.61 crore in the March quarter.
The company’s revenue registered a growth of 32 per cent year-on-year, as the revenue from operations reported in the same quarter previous fiscal was ₹ 10,854.48 crore. The company’s consolidated net sales stood at ₹ 14,232 crore, compared to ₹ 10,689 crore in the year-ago period.
UltraTech Cement’s profit before interest, depreciation, and tax stood at ₹ 3,751 crore, compared to Rs. 2,645 crore in the corresponding period of the previous fiscal year.
According to a filing to the stock exchanges today, the company’s board of directors recommended a dividend of 370 per cent at the rate of ₹ 37 per equity share with a face value of ₹ 10 per share aggregating ₹ 1,068 crore. The dividend is subject to the approval of the company’s shareholders.According to the statement, UltraTech said that the recovery from COVID-19 led disruptions to the economy during the fiscal year 2020-21 was rapid. It added that the company achieved a capacity utilisation of 93 per cent during the fourth quarter of the fiscal year. On Friday, May 7, shares of UltraTech Cement settled 1.23 per cent higher at Rs 6,484.80 apiece on the BSE.
