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MUMBAI:
UltraTech Cement
posted a
35%
increase in quarterly profit to Rs 2,259 crore on the back of lower input costs and higher volume growth.
Revenue
climbed 9% to Rs 20,419 crore in
Q4
FY24.
India’s largest cement company’s imported fuel consumption cost was 13% lower than the year-ago period, while it recorded a volume growth of 11%. Its capacity utilisation stood at 98%.
UltraTech’s net debt increased by Rs 77 crore at the end of March 31, after it had spent over Rs 9,400 crore on capital expenditure.
It plans to augment its annual cement capacity to 200 million tonne, including its overseas capacity of 5.4 million tonne, from 153 million tonne. It has announced the acquisition of a grinding unit in Parli from India Cements.
