UltraTech Cement’s bottom-line stood at Rs 825 crore in the quarter ended Sept. 30, 2024, compared to Rs 1,280 crore clocked in the year-ago period.
UltraTech Cement Ltd.’s consolidated net profit fell in the second quarter of the current financial year, missing analysts’ estimates as the company was impacted by weak cement pricing and subdued demand due to the monsoon season. The cement manufacturer’s bottom-line stood at Rs 825 crore in the quarter ended Sept. 30, 2024, compared to Rs 1,280 crore clocked in the year-ago period, according to
Other Highlights UltraTech’s consolidated sales volume during the quarter grew 4% year-on-year to 27.84 million tonne. This was despite the muted demand across the country to due to the monsoon season. However, volumes were 14% lower on a sequential basis.
The companies domestic grey cement sales realisations fell 8.4% year-on-year and 2.9% sequentially to Rs 4,901 per million tonne in the second quarter. Despite the 14% lower energy costs, the company’s Ebitda per unit fell by Rs 244 to Rs 732 per million tonne. The company achieved capacity utilisation of 68% during the quarter.
