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UltraTech Cement reports flat profit growth of Rs 1,696.6 crore in Q1

UltraTech Cement Q1: UltraTech Cement Ltd reported flat growth in its consolidated net profit for the June quarter at Rs 1,696.59 crore, compared to Rs 1,688.45 crore in the same period last year, the Aditya Birla Group firm stated in a regulatory filing on Friday.

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The company’s revenue from operations increased by 1.87 per cent to Rs 18,069.56 crore during the quarter, up from Rs 17,737.10 crore in the corresponding period a year ago.

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Total expenses for UltraTech Cement in the June quarter rose by 3.07 per cent to Rs 16,128.37 crore. The company’s total income was Rs 18,235.30 crore, reflecting a 1.81 per cent increase.

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Despite these figures, shares of UltraTech Cement Ltd were trading at Rs 11,295.65 on the BSE post-lunch session on Friday, down 3.05 per cent from the previous close.

(With PTI inputs) 

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