Ultratech Cement Q3 consolidated net profit rises 8% to Rs 1,708 cr

Lavern Vogel

Cement important Ultratech Cement on Monday noted 8% rise in consolidated web income at Rs 1,708 crore for the quarter ending December 31, 2021. It was Rs 1,584 crore in the yr-in the past period.

Consolidated web gross sales rose marginally to Rs twelve,710 crore as when compared to Rs twelve,144 crore a yr in the past.

“With the omicron variant of COVID-19 spreading swiftly, its impact on the financial system continues to be to be observed. With business enterprise continuity ideas in position, UltraTech is better positioned to tide about the existing wave of the pandemic. As in the before waves, it carries on to closely keep an eye on the scenario and impact on its operations,” the corporation claimed in a inventory trade filing.

Soon after getting speed in October 2021, demand from customers slowed down significantly in November, 2021 as a end result of the building ban in the NCR, extended monsoons in the South and a handful of states in the North, sand difficulties in the Japanese area as properly as in areas of Uttar Pradesh, and the Diwali holiday getaway time, the Aditya Birla Group’s flagship corporation claimed about its operations.

“The Organization has, but been in a position to retain a powerful expansion trajectory, recording a 13.2% expansion in its domestic cement gross sales volumes in the 9 months ended December, 2021, despite a marginal degrowth in the noted quarter. On the cost entrance, pet coke and worldwide coal rates have started off softening throughout this quarter, nevertheless the prevailing fees are continue to at elevated degrees YoY.Diesel rates are up 24% per cent YoY, despite the current reduction in responsibility/other levies by the Central/State Governments,” the corporation claimed.

At 1408 hrs on Monday, the company’s scrip on BSE was buying and selling .three% lessen at Rs seven,630.35.

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