UltraTech Cement Q4 results: PAT rises 61.5% YoY to Rs 1,778 cr, beats estimates; firm to pay Rs 37 dividend


MUMBAI: Cement Ltd right this moment reported a 61.5 per cent year-on-year rise in internet revenue to Rs 1,778 crore, which was barely larger than analysts’ estimates.

The firm’s topline soared 34.6 per cent on-year within the quarter to Rs 13,784 crore, reflecting the sturdy demand and pricing situations for the trade. “UltraTech’s recovery from the Covid-19 led disruption of the economy during FY21 has been rapid,” the corporate stated.

“While rural and semi-urban housing continue to drive growth, pick-up in government led infrastructure aided incremental cement demand. Pent-up urban demand is also expected to improve,” the corporate stated.

The cement maker’s revenue earlier than curiosity, tax, depreciation and amortization surged 45 per cent on a year-on-year foundation to Rs 3,597 crore within the reporting quarter.

The ‘overheads control programme’, prudent working capital administration and management on money flows have been the principle drivers, aided by fast revival of demand and supply-side restoration, the corporate stated.

The firm’s board additionally permitted Rs 37 per share closing dividend for the monetary yr ended March.

For the total yr, the corporate’s income from operations grew 6.6 per cent to Rs 42,677 crore, whereas internet revenue jumped 46 per cent to Rs 5,342 crore.

Shares of the corporate on Friday ended 1.6 per cent larger at Rs 6,506.2 on the National Stock Exchange.



Read original article here

Denial of accountability! My droll is an computerized aggregator of the all world’s media. In every content material, the hyperlink to the first supply is specified. All emblems belong to their rightful homeowners, all supplies to their authors. If you’re the proprietor of the content material and don’t want us to publish your supplies, please contact us by electronic mail – [email protected]. The content material will probably be deleted inside 24 hours.

Leave a comment