Ultratech Cement released its first quarter results, Rs 1700 crore profit

New Delhi. Aditya Birla Group company UltraTech Cement Ltd on Thursday released the results for the June quarter of the current financial year on Thursday. The company said that its consolidated net profit increased more than two times to Rs 1,700 crore in the first quarter ended June 2021.

UltraTech Cement told BSE that during this period there was higher volume sales and operational efficiency increased. The company had posted a net profit of Rs 793.08 crore in the April-June quarter a year ago. The company’s operating income grew 54.21 per cent to Rs 11,829.84 crore in the quarter under review as against Rs 7,671.05 crore in the corresponding period of the previous financial year.

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UltraTech Cement’s total expenditure grew 43.22 per cent to Rs 9,508.26 crore in the first quarter of FY 2021-22 as against Rs 6,638.90 crore a year ago. During the quarter, the company’s consolidated sales stood at 215.3 million tonnes, a growth of 47 per cent year-on-year.

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CNBC-Awaaz had guessed this
According to the estimates of CNBC-Awaaz, in the first quarter of the financial year 2021-22, the company’s profit may increase by 76 percent year-on-year to Rs 1,680.6 crore. At the same time, there can be a great increase in the revenue of the company in this quarter as well. In the first quarter, the company’s income can come up by 57 percent year-on-year to Rs 11,985.5 crore.

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