UltraTech’s Q4 net profit rises 35% to Rs 2.3k crore

Mumbai: UltraTech Cement’s quarterly profit rose 35% to Rs 2,259 crore on the back of lower input costs and higher volume growth. Revenue grew 9% to Rs 20,419 crore in Q4FY24. India’s largest cement company’s imported fuel consumption costs were 13% lower than the year-ago period, while it recorded volume growth of 11%. Its capacity utilization was 98%.

UltraTech’s net debt rose to Rs 77 crore at the end of March 31, after spending over Rs 9,400 crore on capital expenditure. It plans to increase its annual cement capacity from 153 million tonnes to 200 million tonnes, including overseas capacity of 5.4 million tonnes. It has announced the acquisition of a grinding unit in Parli from India Cements.

Stay connected to Janta Se Rishta for news updates.