UltraTech Q4 profit up 10% to ₹2,482 cr

Improved Sales

- URVI MALVANIA

LEADING CEMENT MAKER UltraTech Cement's net profit grew 9.9% annually for the quarter ended March 31, on the back of improved sales and lower fuel and power costs in grey cement segment.

Net profit for the quarter came in at ₹2,482 crore, as compared to ₹2,258 crore during the same quarter last fiscal. The cement firm's profit after tax trailed Bloomberg estimates of ₹2,538 crore.

Revenue from operations for fourth quarter of the fiscal grew 13% year-on-year (y-o-y) at ₹23,063 crore. It was ahead of estimates of the Bloomberg estimates of ₹22,967 crore.

Earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 12.3% y-o-y at ₹4,618 crore and was in line with Bloomberg estimates of ₹4,616 crore.

The firm's operating EBITDA/mt (excluding acquired assets) was up 7% y-o-y and 32% quarter-on-quarter at ₹1,270/mt.