UltraTech Cement Q3 Results: The company registered a drop of 45 percent in net profitAditya Birla group company UltraTech Cement reported a net profit of Rs 1.775 crore in the January-March quarter of the fiscal year 2020-21, compared to Rs 3,236.85 crore in the corresponding quarter of the previous fiscal, marking a 45 per cent decrease year-on-year.
According to a regulative filing by the firm to the stock exchanges, UltraTech Cement's profits from operations stood at Rs 14,405.61 crore in the March quarter.
(Also Read: UltraTech Cement Q3 Results: Net Profit More Than Doubles To Rs 1,584 Crore )The business's profits registered a growth of 32 per cent year-on-year, as the profits from operations reported in the exact same quarter previous fiscal was Rs 10,854.48 crore.
The business's combined net sales stood at Rs 14,232 crore, compared to Rs 10,689 crore in the year-ago duration.
UltraTech Cement's revenue before interest, devaluation, and tax stood at Rs.
3,751 crore, compared to Rs.
2,645 crore in the matching period of the previous fiscal year.
According to a filing to the stock market today, the business's board of directors advised a dividend of 370 per cent at the rate of Rs 37 per equity show a face value of Rs 10 per share aggregating Rs 1,068 crore.
The dividend goes through the approval of the business's shareholders.According to the statement, UltraTech said that the recovery from COVID-19 led disturbances to the economy during the fiscal year 2020-21 was quick.
It added that the company accomplished a capability utilisation of 93 per cent during the 4th quarter of the.
On Friday, May 7, shares of UltraTech Cement settled 1.23 per cent greater at Rs 6,484.80 apiece on the BSE.