News

Published: April 29, 2024
Updated: April 29, 2024

UltraTech Cement Scores Strong Q4 with Profit Surge and Revenue Growth

UltraTech Cement delivered impressive financial results for the fourth quarter of FY24 (Q4FY24). Here's a breakdown of the key highlights:

Profit Soars Year-over-Year and Sequentially

Net profit jumped 35.54% year-on-year to Rs 2,258.12 crore compared to Rs 1,665.95 crore in Q4FY23.
Sequentially, net profit rose 27.07% from Rs 1,776.98 crore in the previous quarter. Revenue Up, Reflecting Growth

Revenue from operations increased by 9.41% year-on-year to Rs 20,418.94 crore compared to Rs 18,662.38 crore in Q4FY23.
Total income also witnessed a rise of 9.42% year-on-year to Rs 20,554.55 crore compared to Rs 18,783.89 crore in the same period last year.

Strong Performance Throughout FY24

For the entire financial year FY24, net profit climbed 38.33% to Rs 7,005.00 crore compared to Rs 5,063.96 crore in FY23.
Revenue from operations for FY24 grew by 12.12% to Rs 70,908.14 crore compared to Rs 63,239.98 crore in the previous financial year.
Total income for the company increased by 12.20% to Rs 71,525.09 crore in FY24 compared to Rs 63,743.06 crore reported in FY23.

Investor Reward: Interim Dividend Announced

UltraTech Cement declared an interim dividend of Rs 70 per share to its investors.

UltraTech Cement's Q4FY24 results paint a picture of a company experiencing significant growth in profitability and revenue. The strong performance extends throughout the entire FY24, indicating a positive trend for the cement manufacturer. The announcement of an interim dividend further enhances the positive outlook for investors.