UltraTech Cement, a company belonging to the Aditya Birla Group, has reported a decline in its consolidated net profit for the fourth quarter that ended in March 2023. The net profit declined by36.1 to Rs 1,670.10 crore, substantially due to an increase in input cost.
In the same period a time ago, the company had posted a net profit of Rs 2,613.75 crore. still, its profit from operations rose by17.72 to Rs 18,562.38 crore during the quarter under review, against Rs 15,767.28 crore in the time- ago period.
UltraTech's aggregate charges in Q4 FY23 increased by19.76 to Rs 16,292.95 crore from Rs 13,604.20 crore a time ago. The total income in the March quarter surged by20.71 to Rs 18,783.59 crore.
The company faced an increase in energy cost by 17 YoY( time- on- time) and 4 lower QoQ( quarter- on- quarter) during the quarter. The prices of pet coke and coal increased by 18 YoY, and raw material cost was over 9 YoY due to the cost of cover ash, sediment, and gypsum, among other effects.
In the fourth quarter, UltraTech's domestic deals grew by 15, with a capacity application of 95. Ultratech's total consolidated deals volume in the March quarter rose by 14 to31.7 million metric tonnes. For the fiscal time ended March 2023, UltraTech's net profit declined by30.82 to Rs 5,073.40 crore, down from Rs 7,334.26 crore in FY22.
Despite the decline in net profit, UltraTech achieved the unique distinction of registering 100 million tonnes of product, dispatches, and deals in FY23, backed by an effective capacity application of 95 during the quarter and 84 capacity application for the time. Its profit for operation in FY23 increased by20.23 to Rs 63,239.98 crore against Rs 52,598.83 crore a time ago.
UltraTech's board, in a meeting held on Friday, recommended a tip of Rs 38 per equity share of Rs 10 each for the time ended March 31, 2023. The company's capital and fiscal coffers remain completely defended, and its liquidity position is adequately covered. The demand for cement across all sectors continues to remain strong, which augurs well for the company's outlook.
In summary, UltraTech Cement, a member of the Aditya Birla Group, reported a decline in its consolidated net profit for the fourth quarter ending in March 2023, with the net profit dwindling by36.1 due to an increase in input costs. still, the company's profit from operations increased by17.72 during the quarter under review, and its total consolidated deals volume in the March quarter rose by 14 to31.7 million metric tonnes. The company's board recommended a tip of Rs 38 per equity share for the time ended March 31, 2023, and the demand for cement across all sectors remains strong, which is a positive sign for the company's outlook.
Overall, UltraTech Cement has reported a decline in net profit for the fourth quarter and the fiscal time 2022- 23, substantially due to an increase in input costs. still, the company's profit from operations has shown a significant increase. During the quarter, UltraTech's domestic deals grew 15 per cent with a capacity application of 95 per cent, and its total consolidated deals volume in the March quarter rose 14 per cent to31.7 million metric tonnes.
UltraTech Cement has stated that it achieved the unique distinction of registering 100 million tonnes of product, dispatches, and deals in FY23, backed by an effective capacity application of 95 per cent during this quarter and 84 per cent capacity application for the time. also, the company's liquidity position is adequately covered, and its capital and fiscal coffers remain completely defended.
Regarding the outlook, UltraTech Cement has stated that the demand for cement across all sectors continues to remain strong, which augurs well for the company. likewise, in a separate form, the company has recommended a tip of Rs 38 per equity share of Rs 10 each for the time ended March 31, 2023.
UltraTech Cement is a commanding Indian cement manufacturer that's part of the Aditya Birla Group. The company has a strong presence in both domestic and transnational requests, with a product capacity of121.1 million tonnes per annum( MTPA) as of FY23. UltraTech Cement's operations include 23 integrated shops, 1 clinkerization factory, 26 grinding units, and 7 bulk outstations across India, the UAE, Bahrain, Bangladesh, and Sri Lanka.
The company's core business is the manufacture and trade of cement and affiliated products. UltraTech Cement produces colorful types of cement, including Ordinary Portland Cement( OPC), Portland Pozzolana Cement( PPC), Portland Blast Furnace Sediment Cement( PSC), and White Cement, among others. The company also produces ready- blend concrete( RMC), structure products, and summations.
Cement is a pivotal structure material used in colorful sectors, similar as construction, structure, and real estate. The Indian cement assiduity is the alternate- largest in the world, with a total capacity of around 500 MTPA as of 2021. The assiduity is largely competitive, with several large and small players operating in the request. still, UltraTech Cement is one of the leading players in the assiduity, with a significant request share.
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