For the quarter that ended on 31 March in financial year 2023-24 (Q4FY24), UltraTech Cement Ltd on Monday reported a 35.54 per cent year-on-year rise in consolidated net profit at Rs 2,258.12 crore. Furthermore, the company had reported a net profit of INR 1,665.95 crore during the same period last year (Q4FY23). Consequently, the net profit went up 27.07 percent from Rs 1,776.98 crore in the last quarter.
If we compare to Rs 18,662.38 reported in the year before, the company's revenue from operations increased by 9.41 per cent to Rs 20,418.94 crore in Q4. And if we speak on a quarter-on-quarter (q-o-q) basis, the revenue stood at Rs 16,739.97 crore for operations.
The company reported a total income of Rs 20,554.55 crore for Q4. This was a 9.42 per cent increase from Rs 18,783.89 crore reported during the year-ago period. On a q-o-q basis, the total income was up 21.76 per cent. It was Rs 16,880.45 crore in Q3FY24.
For the entire financial year, standing at a staggering 7,005.00 crore, compared to Rs 5,063.96 crore reported at the end of FY23, the company reported a rise in net profit by 38.33 percent.
With this, the company's revenue for FY24 increased by 12.12 percent at Rs 70,908.14 crore from operational level if we compare it to Rs 63,239.98 crore in the previous financial year.
Compared to Rs 63,743.06 crore reported in FY23So to say, the total income for the company increased by 12.20 percent at Rs 71,525.09 crore in FY24. Furthermore, The company announced an interim dividend of Rs 70 per share. On Monday, Ultra Tech Cement closed trading at Rs 9,970.85 ahead of the company's Q4FY24 financial results.
