UltraTech Cement Announced Q1FY23 Result :
- After a strong end to FY22, cement demand was impacted by overall inflationary trends and lower labour availability in May 2022. However, cement demand picked up in June 2022 on pre-monsoon construction activity.
- Consolidated Net Sales was Rs. 15,007 crores v1s -a-v1s Rs. 11 ,698 crores over the corresponding period of the previous year. Profit before interest, depreciation and tax was Rs. 3,204 crores compared to Rs. 3,512 crores . Profit before tax was Rs. 2,293 crores and Profit after tax was Rs. 1,584 crores compared to Rs. 2,526 crores and Rs. 1,703 crores , respectively.
- The Company achieved capacity utilisation of 83% as against 73% during 01 FY22. Domestic sales volume grew 19% on a year-on-year basis.