Ultratech Cement’s Q4FY24 Quarter Results
Ultratech Cement’s revenue grew 9% YoY.
- 30 Apr 2024
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- Ultratech Cement reported 22% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended March (Q4FY24). On a year-on-year (YoY) basis, it witnessed a growth of 9%.
- Its expenses for the quarter were up by 20% QoQ and 7% YoY.
- The net profit grew 27% QoQ and 35% YoY.
- The earnings per share (EPS) of Ultratech Cement stood at 78.3 during Q4FY24.
Ultratech Cement’s Financial Statements for Q4FY24:
| (Rs crores) | Q4FY23 | Q3FY24 | Q4FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 18,784 | 16,880 | 20,555 | 22% | 9% |
Total expenses | 16,293 | 14,531 | 17,381 | 20% | 7% |
Profit before tax | 2,492 | 2,355 | 3,111 | 32% | 25% |
Tax | 822 | 580 | 852 | 47% | 4% |
Profit after tax | 1,670 | 1,775 | 2,259 | 27% | 35% |
Earnings per share | 57.8 | 61.6 | 78.3 |
Key Highlights:
- Volume Growth: Volume grew 11% YoY in Q4FY24.
- EBITDA: EBITDA for the quarter increased 23% YoY to Rs 4,250 crore.
- Dividend: The company announced an interim dividend of Rs 70 per share.
Management Commentary (highlights):
- Cement capacity: Increased by 7.8 MTPA, taking total capacity to 140.8 MTPA.
- Cost reduction: Lower fuel prices positively impacted margins.
- Outlook: Positive outlook on the back of strong demand and government infrastructure push.
- Demerger: Announced demerger of Kesoram Industries' cement business into UltraTech.
Data Source: BSE, Company announcements
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