UltraTech Cement Q2 Net Profit Rises 31% To Rs.601 Crore
Aditya Birla group organization UltraTech Cement on Monday said that its net profit in the 2nd quarter rose 31 percent on the yr-on-yr foundation to Rs. 601.05 crore (on standalone foundation) on sales of Rs. 6,134.63 crore.
The Mumbai-situated cement maker’s internet profit in the course of the equal quarter last yr came in at Rs. 457.Forty-one crore on earnings of Rs. 6,277 crore.
Analysts polled with the aid of NDTV revenue expected UltraTech Cement to document internet revenue of Rs. 547 crore.
Its EBITDA or operating profit rose 17.6 per cent to Rs. 1,a hundred and fifty-five crores, when put next with Rs. 982 crore for the period of the same quarter last year.
Meanwhile, UltraTech Cement on future outlook mentioned, “government’s thrust on setting up infrastructure spending, good monsoons, development of clever cities leading to growth in housing demand in Tier-1 and Tier-11 cities, slower percent of new capability addition augur well for the cement industry. UltraTech is well placed across the nation to satisfy the expected upward thrust well-known and take part within the next section of progress in the country.”
UltraTech Cement shares have outperformed the market by using surging 14 percent in the last three months in comparison with Nifty advancing only zero.Three per cent.
As of 1:forty-nine p.M., shares of UltraTech Cement traded 1.2 percent shrink at Rs. Three,988, underperforming the Nifty which was once down zero.Fifty-six percent.
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