The Business Bytes
TBB BUREAU
NEW DELHI, APRIL 29, 2022
Led by improved demand situation and effective capacity utilisation, Aditya Birla Group company UltraTech Cement has recorded 47.32 per cent rise in its consolidated net profit at Rs 2,613.75 crore for the fourth quarter ended March 2022 (Q4FY22) as against Rs 1,774.13 crore registered in the year-ago period, the company said in a statement on Friday.
Its revenue from operations was up 9.45 per cent to Rs 15,767.28 crore during the quarter under review, as against Rs 14,405.61 crore of the corresponding quarter a year ago.
UltraTech Cement has now become a Rs 50,000 crore turnover company and the first Indian cement company to achieve this milestone, the company claimed.
During the quarter UltraTech’s consolidated sales volume was at 27.69 MnT (million Tons).
During the quarter UltraTech achieved effective capacity utilisation of 90 per cent.
UltraTech Cement’s total expenses were at Rs 13,604.20 crore, up 15.38 per cent in Q4 of FY 2021-22 as against Rs 11,790.41 crore in the corresponding period of the previous fiscal.
For the fiscal year ended March 2022, UltraTech Cement’s consolidated net profit was up 34.28 per cent to Rs 7,334.26 crore. It had reported a net profit of Rs 5,461.85 crore in the previous year.
Its revenue from operations was Rs 52,598.83 crore in 2021-22. This is 17.60 per cent higher than Rs 44,725.80 crore of FY 2020-21.
UltraTech said its volume grew 8.8 per cent 93.99 MnT” in FY22.
UltraTech Board has recommended a dividend of Rs 38 per equity share of Rs 10 each for FY 22 subject to the shareholders’ approval.
