Live Breaking News & Updates on Ultratech Cement Q3 Earnings
Stay updated with breaking news from Ultratech cement q3 earnings. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Ultratech Cement s stock fell over 1% to Rs 9,906 despite highest-ever net profit in Q4. BofA recommends buying at Rs 10,000 target, Nuvama suggests hold at Rs 9,121 target, and Sharekhan suggests buys at Rs 11,300 target. Q4 profit of Rs 1,777 crore is 68% higher YoY, while revenue rose 8% YoY to Rs 16,740 crore. ....
UltraTech Cement said its domestic grey cement sales volume rose 5 per cent YoY and 1 per cent QoQ, respectively. Improved operational efficiencies, coupled with lower fuel and raw material costs resulted in improved Ebitda margins, it said. ....
UltraTechs consolidated sales for the quarter were at ₹16,487 crore, up nearly 8% on year, while earnings before interest, tax, depreciation, and amortization rose by around 38% to ₹3,395 crore. On a sequential basis, sales rose by 5% while the operating profit was 25% higher. ....
Ultratech Cement Q3 result preview: Ultratech Ltd is expected to post higher revenue growth year-on-year due to higher volumes and better realisations. The company has already reported a consolidated sales volume growth of 6% year-on-year. Net revenues are likely to grow 8% in the December quarter, while profit is seen showing solid growth of 70% year-on-year, according to an average estimate of four analysts. ....