New Delhi (Anish Yande): UltraTech Cement has announced its results for the quarter ended March 2021. Shares of the cement manufacturer had closed at Rs 6506 per share on May 7. UltraTech Cement shares surged to an intraday high of Rs 6,524 per share after opening at Rs 6,459 per share on Friday's trading session.
UltraTech Cement March quarter results:
UltraTech Cement reported a net profit of Rs 3,243 crore in the March quarter of FY20. The net profit of the cement maker declined to Rs 1,775 crore in the quarter ended March 31, 2021. UltraTech's net profit fell by 45 percent YoY.
In the year FY21, the consolidated profit of UltraTech Cement declined by 5.1 percent to Rs 5,463.1 crore. Meanwhile, the revenue of the firm rose 5.4 percent to Rs 44,725.8 crore as compared to the previous fiscal.
Profit before tax of the cement manufacturer was recorded at Rs 1,459.43 in the March quarter of 2020. The profit before tax of UltraTech Cement rose to Rs 2,638.98 in Q4 FY21.
Revenue from operations rises 32.7 percent:
The company's revenue from operations was recorded at Rs 10,854.48 in Q4 FY20. Revenue from operations rose to Rs 14,405.61 in Q4FY21, at an increase of 32.7 percent.
Total comprehensive income of UltraTech Cement was at Rs 3,224.46 crore in the March quarter of 2020. The income fell to Rs 1,829.02 in Q4FY21. In the year ended March quarter of 2020, the company's total comprehensive income declined from Rs 5,733.75 in the previous quarter to Rs 5,478.45 in the quarter ended March 2021.
Power & fuel costs of UltraTech Cement increased by 26.6 percent on a year-on-year basis. The cost of raw materials rose 27.2 percent YoY
and finance costs declined from Rs 505.98 crores to Rs 377.18 decreasing by 25.5 percent.
The board of directors of UltraTech Cement has recommended a dividend of Rs 37 per share, amounting to Rs 1,068.02 crore.
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