ULTRACEMCO Q4 Result 2024
UltraTech Cement had a great Q4 2024, making higher profits of ₹2,258 crore, exceeding revenue expectations by 2% at ₹20,419 crore. They sold more cement, expanded capacity, and saved costs.
by S Samayanka
Updated Apr 30, 2024
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ULTRACEMCO
UltraTech Cement, also referred to as ULTRACEMCO, is a major corporation based in India that specializes in manufacturing cement and other construction materials. The company has been in existence since 1983 and operates in numerous countries.
UltraTech Cement, a member of the Aditya Birla Group, is the leading producer of grey cement, ready-mix concrete (RMC), and white cement in India.
ULTRACEMCO Q4 Result 2024
|
Fiscal Period |
Mar 23 |
Dec 22 |
QoQ Comp |
|
Total Revenue |
18,662.38 |
15,520.93 |
20.24% |
|
Selling/General/Admin Expenses Total |
4,911.86 |
4,173.65 |
17.69% |
|
Depreciation/Amortization |
761.66 |
723.23 |
5.31% |
|
Other Operating Expenses Total |
1,948.02 |
1,894.65 |
2.82% |
|
Total Operating Expense |
16,101.55 |
13,908.31 |
15.77% |
|
Operating Income |
2,560.83 |
1,612.62 |
58.80% |
|
Net Income Before Taxes |
2,492.39 |
1,527.24 |
63.20% |
|
Net Income |
1,665.94 |
1,058.20 |
57.43% |
|
Diluted Normalized EPS |
57.75 |
36.68 |
57.44% |
|
Exchange |
Price |
Change |
Percentage Change |
Volume |
|
BSE |
9,984.28 |
+283.80 |
2.93% |
16.89 K |
|
NSE |
9,964.45 |
+263.55 |
2.72% |
8.08 L |
ULTRACEMCO Q4 Result 2024 Highlights
Financial Performance:
- UltraTech Cement recorded significantly higher profits in the first quarter of 2024 compared to the previous year.
- Their net income increased by 36% to ₹2,258 crore after taxes.
- They generated a total revenue of ₹20,419 crore, exceeding expectations by 2%.
- UltraTech Cement had a strong EBITDA performance, indicating the company's financial health. They reached ₹4,114 crore.
Dividends and shareholder returns:
- Investors who have shares in UltraTech Cement can expect to receive a good return on their investment.
- The directors of the company have decided on a dividend payment of ₹70 per share, which is a total of ₹2,020.84 crore.
- The shareholders will be required to pay taxes on this amount.
Operational efficiency:
- UltraTech Cement experienced a 13% increase in sales, resulting in the company selling more cement over the past year.
- They expanded their production capacity by building new facilities in Tamil Nadu and Chhattisgarh.
- The capability was expanded to the extent that they could produce 13.27 million tons of cement per year.
- In the quarter, they acquired new cement grinding assets in Jharkhand and Maharashtra.
Market Performance:
- UltraTech Cement's stock performed strongly in the stock market, experiencing an increase in value.
Cost Management:
- UltraTech Cement was able to reduce costs because the prices of the fuel sources they use, such as coal and pet coke, decreased throughout the year.
- This helped them reduce their fuel expenditure compared to the previous year.
Growing Sales:
- More cement was sold this year than last year. They experienced a 13% increase in sales volume over the course of the year, with an 11% increase in the last quarter.
Net Profit of ULTRACEMCO in Last Quarters
|
Fiscal Period |
31/12/2023 |
30/09/2023 |
31/12/2022 |
Total |
|
Revenue from Operations |
16,173.45 |
15,516.95 |
15,008.02 |
48,698.42 |
|
Other Income |
208.77 |
191.37 |
158.21 |
558.35 |
|
Total Income (1+2) |
16,364.82 |
15,725.72 |
15,166.23 |
49,256.77 |
|
Cost of Materials Consumed |
2,183.66 |
2,262.78 |
2,171.45 |
6,617.89 |
|
Purchases of Stock-in-Trade |
837.34 |
859.21 |
778.99 |
2,475.54 |
|
Changes in Inventories of Finished Goods, Stock-in-Trade and Work-in-Progress |
(224.55) |
(230.65) |
(347.72) |
(802.92) |
|
Employee Benefits Expense |
759.81 |
720.77 |
648.51 |
2,129.09 |
|
Finance Costs |
209.99 |
236.90 |
193.70 |
640.59 |
|
Depreciation and Amortisation Expense |
727.85 |
712.41 |
653.53 |
2,093.79 |
|
Power and Fuel Expense |
4,002.88 |
3,810.67 |
4,392.84 |
12,206.39 |
|
Freight and Forwarding Expense |
3,466.13 |
3,569.69 |
3,429.43 |
10,465.25 |
|
Other Expenses |
2,141.48 |
2,140.93 |
1,789.70 |
6,072.11 |
|
Total Expenses |
14,082.71 |
14,104.59 |
13,710.43 |
41,950.81 |
|
Profit before tax (3-4) |
2,282.11 |
1,621.13 |
1,455.80 |
6,196.90 |
|
Tax Expense |
1,205.65 |
1,696.53 |
994.23 |
4,607.68 |
|
Net Profit for the period (5-6) |
1,192.75 |
1,743.94 |
991.33 |
4,599.10 |
|
Earnings per equity share (of ₹ 10/- each) |
|
|
|
|
|
Basic (in ₹) |
58.86 |
41.83 |
34.48 |
159.87 |
|
Diluted (in ₹) |
58.82 |
41.81 |
34.47 |
159.76 |
ULTRACEMCO Q4 2024 Sales Volume
|
Particulars |
Q4 FY24 |
Growth (YoY) |
Growth (QoQ) |
|
Grey Cement - Domestic |
33.22 |
11% |
31% |
|
Cement Export |
0.16 |
-1% |
14% |
|
White Cement |
0.53 |
12% |
11% |
|
Sales Volume - India |
33.91 |
11% |
30% |
|
Grey Cement – Overseas |
1.32 |
0.4% |
-5% |
|
Consolidated Sales Volume* |
35.08 |
11% |
28% |
|
Readymix Concrete (307 plants) (Mn M3) |
3.35 |
33% |
21% |
|
Volume in Million tons |
FY24 |
Growth (YoY) |
|
Grey Cement |
112.23 |
13% |
|
Cement Export |
0.57 |
19% |
|
White Cement |
1.84 |
13% |
|
Sales Volume - India |
114.65 |
13% |
|
Grey Cement – Overseas |
4.93 |
11% |
|
Consolidated Sales Volume* |
119.04 |
13% |
|
Readymix Concrete |
11.31 |
32% |
Consolidated Financial Position ULTRACEMCO
|
Particulars |
Mar-24 |
Mar-23 |
|
Net Fixed Assets |
71,269 |
64,987 |
|
Investment in Subs/Associates/JVs |
1,231 |
1,017 |
|
Net Working Capital |
(3,446) |
(3,064) |
|
Total Assets |
69,055 |
62,940 |
|
Shareholders Fund (Incl. Minority Interest) |
60,283 |
54,380 |
|
Gross Debt |
10,298 |
9,901 |
|
Less: Treasury Surplus |
7,519 |
7,199 |
|
Net Debt |
2,779 |
2,702 |
|
Deferred Tax Liability |
5,992 |
5,858 |
|
Total Equity and Liabilities |
69,055 |
62,940 |
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ULTRACEMCO Q4 Result 2024 - FAQs
1. What is UltraTech Cement?
UltraTech Cement is a big company in India that makes cement and other construction materials.
2. How did UltraTech Cement perform in Q4 2024?
UltraTech Cement did really well. They made a lot more profit and sold more cement than before.
3. What was their net profit in Q4 2024?
Their net profit was Rs 2,258 crore after taxes, which is 36% higher than before.
4. How much revenue did UltraTech Cement generate?
They earned Rs 20,419 crore in total revenue, which was 2% more than expected.
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