UltraTech Cement Q4 Results: Board approves dividend of Rs 70/share
UltraTech Cement has recommended a dividend of Rs 70 per share while announcing their Q4 results on Monday. The dividend is 700% of the face value for the financial year 2023-2024.
The cement maker reported a Profit After Tax (PAT) of Rs 2,258 crore, up 36% YoY, beating the Street estimates of Rs 2,048 crore.
“The Board of Directors at their meeting held today have recommended a dividend of 700% at the rate of Rs 70/- per equity share of face value of Rs 10/- per share, aggregating Rs 2,020.84 crores,” the company said in an exchange filing.
Revenue from operations increased 9% year-on-year (YoY) to Rs 20,419 crore in the March-ended quarter. UltraTech recorded volume growth of 13% during FY24, backed by 11% during Q4FY24, and achieved full-year EBITDA/mt of Rs 1,101. EBITDA for the quarter rose 33% YoY to Rs 4,250 crore.
The company continues to deliver strong cash flows. In FY24, the company's net debt increased only by Rs 77 crore after spending over Rs 9,400 crore on capex. Over the last five years UltraTech has delivered a 24% CAGR growth in its earnings per share, read the company’s filing to the exchanges.
Filing further states that during the year, UltraTech added 13.27 mtpa grey cement capacity across locations. It further commissioned greenfield cement capacities at Karur, Tamil Nadu, and Kukurdih, Chhattisgarh of 2.7 mtpa each, aggregating to 5.4 mtpa in April 2024.
UltraTech Cement ($ 8.4 billion building solutions company ) is the cement flagship company of the Aditya Birla Group. and the third
