UltraTech Cement Ltd reported a consolidated net profit of Rs 825.18 crore for the September quarter, marking a 36% decline from Rs 1,280.38 crore in the same period last year, according to a regulatory filing by the Aditya Birla Group’s cement flagship.
The company attributed the variation in profit to the acquisition of a larger stake in UAE-based Ras Al Khalmah Co. for White Cement & Construction Materials P.S.C. (RAKW), raising its shareholding to 54.79%. This acquisition, effective from July 10, 2024, has made RAKW a subsidiary of UCMEIL, impacting the comparability of results with the previous year.
“The financial results include RAKW’s performance from July 10, 2024, which makes the figures for the current quarter and six-month period ending September 30, 2024, non-comparable to last year’s corresponding periods,” the company explained.
UltraTech’s revenue from operations for the quarter stood at Rs 15,634.73 crore, slightly down from Rs 16,012.13 crore a year earlier. Total expenses during the quarter amounted to Rs 14,837.44 crore, while total income, including other sources, reached Rs 15,855.46 crore.
UltraTech Cement, part of the Aditya Birla Group, is a global leader in the cement industry, with a Grey Cement capacity of 152.7 million tonnes per annum (MTPA). It is committed to sustainability and is a signatory to the GCCA Climate Ambition 2050, aligning with the Net Zero Concrete Roadmap.
UltraTech Cement, a flagship company of the Aditya Birla Group, is the largest manufacturer of grey cement, ready mix concrete (RMC), and white cement in India. With a strong presence across domestic and international markets, UltraTech operates more than 20 integrated cement plants and several grinding units, offering products that cater to a wide range of construction needs.
The company’s commitment to sustainability is reflected in its efforts to reduce its carbon footprint through energy-efficient practices and innovative technologies, making it a leader in green building solutions. UltraTech Cement plays a crucial role in India’s infrastructure development, contributing to iconic projects while maintaining a strong focus on environmental responsibility and innovation.
