UltraTech Cement Ltd announced Q2 Finance results, Net profit doubled the Rs 1,234 crore

UltraTech Cement  Ltd announced Q2 Finance results, Net profit doubled the Rs 1,234 crore

Aditya Birla Group subsidiary company on UltraTech Cement announced the Finance results have positive reports a Net Profit 113% percent increase the UltraTech cement.

The company net profit Rs.1,234 crore double profit last year compare the same quarter on Rs,579 crore profit in the company, this year net profit jump the 113% percent.

UltraTech cement net sales on Rs.10,231 crore but last year same quarter net sale Rs.9,486 crore, this year sales increase 7.2% percent. PBIDT (Profit Before Interest, Depreciation & Taxes) Rs.2,830 crore increase the 20% percent. UltraTech Cement reported robust operating margins at 27% percent driven by both revenue growth and tight cost management.

UltraTech cement reduces the net debt Rs.4,728 crore in the first finance half of this year. UltraTech brand value growth 15% percent.

UltraTech Official Said, the company cement demand increase after Covid and Government thrust on infrastructure and expanding rural area economy. another big positive news on recently Reserve Bank of India’s new policy changes announced to support the real estate sector will also aid demand for cement.

The company shares market end price on Rs.4629.10, day share price change 84 points increase, and share value changes 1.86% percent.

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