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Hot Pursuit News

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(29 Apr 2024, 16:03)

UltraTech Cement gains as Q4 PAT jumps 36% YoY to Rs 2,258 cr

UltraTech Cement added 2.96% to Rs 9987.70 after the company's consolidated net profit surged 35.55% to Rs 2,258.12 crore on 9.41% increase in revenue from operation to Rs 20,418.94 crore in Q4 FY24 over Q4 FY23.


Consolidated net sales grew 8.86% to Rs 20,069 crore in Q4 FY24 as against Rs 18,436 crore recorded in the corresponding quarter previous year.

Profit before tax in Q4 FY24 was at Rs 3,110.52 crore, up 24.8% from Rs 2,492.40 crore posted in Q4 FY23.

Profit before interest, depreciation and tax (PBIDT) stood at Rs 4,250 crore in Q4 FY24, registering a growth of 23.4% from Rs 3,444 crore reported in Q4 FY23.

On full year basis, the company's consolidated net profit jumped 38.33% to Rs 7,005 crore on 12.13% increase in revenue to Rs 70,908.14 crore in FY24 over FY23.

UltraTech Cement recorded volume growth of 13% during FY24, backed by 11% during Q4 FY24 and achieved full year ebidta/mt of Rs 1,101 .

Coal and petcoke (fuel) prices witnessed a drop during FY24. The comp...

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