Large Cap Cement Stock Net Profit Tumbles 36%, Board Recommends Rs 38/Share Dividend

Large cap company UltraTech Cement today declared a decline of 36% in its consolidated net profit to Rs 1666 crore for the fourth quarter ended March. The net profit was reported Rs 2620 crore in the same period last year. The board of directors of UltraTech Cement recommended a dividend of Rs 38/- share for the year ended March 31, 2023.

According to the BSE filing, "recommended a dividend of Rs. 38/- per equity share of Rs. 10/- each for the year ended 31st March, 2023, subject to the approval of shareholders at the ensuing Annual General Meeting ("AGM") of the Company."

Last trading price of UltraTech Cement is Rs 7554.60 per share on BSE with intraday gain of 0.71%. The stock gave return of 17% in last 6-months, 14% return in last 1-year, 18% return in last 2-years, and 122% return in last 3-years.

The company has a market capitalisation of Rs 2,18,090.99. The stock's 52-week high price is Rs 7824.65 apiece and 52-week low price is Rs 5158.05 apiece, respectively.
UltraTech Cement announced its revenue from operations during the 4th quarter surged 18% to Rs 18,562 crore which was declared at Rs 15,767 crore in the same period last year.

The company's EBITDA (earnings before interest, tax, depreciation and amortization) declared at Rs 3,444 crore for the quarter, up 9%.

UltraTech Cement Limited is the cement flagship company of the Aditya Birla Group. A USD 7.1 billion building solutions powerhouse, UltraTech is the largest manufacturer of grey cement and ready mix concrete (RMC) in India. It is also one of the leading players in the white cement segment in India. It is the third largest cement producer in the world, excluding China, according to its official website.

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