News

Ultratech Cement reports 45% fall in Q4 consolidated net profit

The company has reported a standalone net profit of Rs 1,777.55 crore for the quarter ended March 31, 2021

Ultratech Cement has reported results for fourth quarter and year ended March 31, 2021.

The company has reported a fall of 38.84% in its net profit at Rs 1,777.55 crore for the quarter under review as compared to Rs 2,906.32 crore for the same quarter in the previous year. However, total income of the company increased by 32.74% at Rs 14,049.99 crore for Q4FY21 as compared Rs 10,584.22 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 45.21% in its net profit attributed to the owners at Rs 1,775.23 crore for the quarter under review as compared to Rs 3,240.23 crore for the same quarter in the previous year. However, total income of the company increased by 30.86% at Rs 14,465.94 crore for Q4FY21 as compared Rs 11,054.13 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported a fall of 2.08% in its net profit at Rs 5,342.07 crore as compared to Rs 5,455.54 crore for the previous year. However, total income of the company increased by 6.29% at Rs 43,977.02 crore for year under review as compared to Rs 41,375.75 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the company has reported a fall of 5.08% in its net profit attributed to the owners at Rs 5,463.10 crore as compared to Rs 5,755.26 crore for the previous year. However, total income of the company increased by 5.52% at Rs 45,459.97 crore for year under review as compared to Rs 43,080.95 crore for year ended March 31, 2020.