UltraTech Cement Q1 PAT rises 7% to ₹1,688 cr.
The Hindu
Net sales rose to ₹17,519 crore in the first quarter compared with ₹15,007 crore in the year-earlier period
Aditya Birla group firm UltraTech Cement on Friday reported a 7% rise in consolidated profit after tax (PAT) to ₹1,688 crore for the first quarter ended June 2023, aided by robust sales in the domestic market.
The company had posted a PAT of ₹1,584 crore in the April-June quarter of the last fiscal.
Net sales rose to ₹17,519 crore in the first quarter compared with ₹15,007 crore in the year-earlier period, UltraTech Cement said in a regulatory filing.
The company said it continues to deliver strong growth quarter after quarter, achieving a 20% expansion during the June quarter.
During the April-June period, the company achieved capacity utilisation of 89% against 83% during the first quarter of FY23, it said.
Domestic sales volume registered 20% growth year-on-year, it added.
UltraTech Cement said that its total grey cement manufacturing capacity in India now stands at 131.25 mtpa.
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