UltraTech Q4 net profit falls 36% to ₹1,670 crore

New Delhi: Aditya Birla group firm UltraTech Cement on Friday reported a 36.1% decline in its consolidated net profit to R 1,670.1 crore for the fourth quarter ended March 2023, mainly due to an increase in input cost.

The company had posted a net profit of R 2,613.8 crore in the January-March period a year ago, UltraTech Cement said in a BSE filing.

However, its revenue from operations rose 17.7% to R 18,562.4 crore during the quarter under review against R 15,767.3 crore in the year- ago period.

UltraTech’s total expenses in Q4 FY23 increased 19.8% to R 16,293 crore from R 13,604.2 crore a year ago.

The total income in the March quarter surged 20.7% to R 18,783.6 crore.

UltraTech Q4 net profit ,
UltraTech Q4 net profit

During the quarter, “the company saw an increase in energy cost by 17% YoY (year- on-year) and 4% lower Qu (quarter-on-quarter). Prices of pet coke and coal increased 18% YoY. Raw material cost was up 9% YoY on account of increase in the cost of fly ash, slag and gypsum etc,” Ultra- Tech said in its earning statement

In the fourth quarter, UltraTech’s domestic sales grew 15% with a capacity utilisation of 95%.

Ultratech’s total consoli- dated sales volume in the March quarter rose 14% to 31.7 million metric tonnes.

For the financial year ended March 2023, UltraTech’s net profit declined 30.8% to R 5,073.4 crore. It was Rest 7,334.3 crore in FY22. Its revenue for operation in FY23 in- creased 20.2% to Rest 63,240 crore against R 52,598.8 crore a year ago.

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