30 Apr 2024

Ultratech Cement moves up on reporting 35% rise in Q4 consolidated net profit

Ultratech Cement is currently trading at Rs. 10044.05, up by 81.80 points or 0.82% from its previous closing of Rs. 9962.25 on the BSE.

The scrip opened at Rs. 10200.00 and has touched a high and low of Rs. 10200.00 and Rs. 9956.95 respectively. So far 7076 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 10522.65 on 29-Dec-2023 and a 52 week low of Rs. 7436.75 on 02-May-2023.

Last one week high and low of the scrip stood at Rs. 10200.00 and Rs. 9560.00 respectively. The current market cap of the company is Rs. 287607.49 crore.

The promoters holding in the company stood at 59.96%, while Institutions and Non-Institutions held 31.94% and 7.58% respectively.

Ultratech Cement has reported 35.84% rise in its net profit at Rs 2251.95 crore for the quarter ended March 31, 2024 as compared to Rs 1657.78 crore for the same quarter in the previous year. Total income of the company increased by 9.29% at Rs 19960.14 crore for Q4FY24 as compared Rs 18263.49 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 35.24% rise in its net profit at Rs 2258.58 crore for fourth quarter ended March 31, 2024 as compared to Rs 1670.10 crore for the same quarter in the previous year. Total income of the company increased by 9.43% at Rs 20554.55 crore for Q4FY24 as compared Rs 18783.89 crore for the corresponding quarter previous year. 

For the year ended March 31, 2024, the company has reported 39.45% rise in its net profit at Rs 6904.87 crore as compared to Rs 4951.49 crore for the previous year. Total income of the company increased by 12.24% at Rs 69302.78 crore for year under review as compared to Rs 61741.82 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 38.05% rise in its net profit at Rs 7003.96 crore as compared to Rs 5073.40 crore for the previous year. Total income of the company increased by 12.20% at Rs 71525.09 crore for year under review as compared to Rs 63743.06 crore for year ended March 31, 2023.