UltraTech Cement Q1 Results: Cons PAT rises marginally to Rs 1,697 crore, revenue up 2% YoY
UltraTech Cement on Friday reported a consolidated net profit of Rs 1,697 crore for the quarter ended June 30, 2024 (attributable to shareholders), a marginal increase of 0.50% from Rs 1,688 crore reported by the Aditya Birla Group company in the year-ago period.
The revenue from operations stood at Rs 18,070 crore, which represents a 2% increase compared to Rs 17,737 crore reported by the company in the corresponding quarter of the last financial year.
On a sequential basis, the consolidated PAT was down by 25% over Rs 2,258 crore reported by the cement maker in Q4FY24.
The drop was attributed to a decline in revenue from operations in the reported quarter. The PAT decreased by 12% compared to Rs 20,419 crore reported in the January-March quarter.
The earnings were announced during market hours, causing UltraTech shares to decline by over 3%, or Rs 357, on the NSE. By 3 pm, they were trading at Rs 11,290.50.
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