UltraTech Cement Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 19, 2024 at 02:41 am
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UltraTech Cement Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 167,399.7 million compared to INR 155,209.3 million a year ago. Revenue was INR 168,804.5 million compared to INR 156,475.2 million a year ago. Net income was INR 17,769.8 million compared to INR 10,582 million a year ago. Basic earnings per share from continuing operations was INR 61.66 compared to INR 36.7 a year ago. Diluted earnings per share from continuing operations was INR 61.61 compared to INR 36.68 a year ago.
For the nine months, sales was INR 504,892 million compared to INR 445,776 million a year ago. Revenue was INR 509,705.4 million compared to INR 449,591.7 million a year ago. Net income was INR 47,468.8 million compared to INR 33,980.1 million a year ago. Basic earnings per share from continuing operations was INR 164.7 compared to INR 117.85 a year ago. Diluted earnings per share from continuing operations was INR 164.59 compared to INR 117.79 a year ago.
UltraTech Cement Limited is India's leader in producing and selling cements and construction materials. The group offers gray and white cements, granulates, ready-to-use concrete, mortars, coatings, binders, etc.
At the end of March 2021, UltraTech Cement Limited had 23 cement plants, over 130 concrete factories in India and 27 grinding facilities (of which 23 in India).
India accounts for 99.3% of net sales.