UltraTech Cement released its December quarter (Q3FY24) results. The company’s profit has increased by 67% compared to last year. It has increased from Rs 1,062.6 crore last year to Rs 1,774.8 crore this year. At the same time, there has been a jump of 39.3% in EBITDA. The EBITDA of the company has increased from Rs 2,335.9 crore last year to Rs 3,254.6 crore.
Only 8% YoY growth has been seen in the company’s income. The company’s income in the December quarter last year was Rs 15,520.9 crore, but this year it increased by only 8% and increased to Rs 16,739.9 crore.
UltraTech Cement Q3FY24 (Consolidated, YoY)
- Total income up 7.9% to Rs 16,739.9 crore.
- Net profit up 67% to Rs 1,774.8 crore.
- EBITDA up 39.3% to Rs 3,254.6 crore.
- Margin increased from 15% to 19.4%.
After the quarterly results, the company’s shares rose by 2.4% intraday and reached a high of 10,128.7. At 1:32 pm it is trading 1.3% higher at 10,021.4.
