UltraTech Cement Q1 Profits Stagnate Amid Minor Revenue Growth

UltraTech Cement Ltd reported a consolidated net profit of Rs 1,696.59 crore for the June quarter, showing flat growth compared to Rs 1,688.45 crore in the previous year. Revenue from operations increased by 1.87% to Rs 18,069.56 crore, while total expenses rose by 3.07%. The company's shares fell by 3.05% in the BSE post-lunch session.

UltraTech Cement Ltd reported a consolidated net profit of Rs 1,696.59 crore for the June quarter, marking a negligible rise compared to Rs 1,688.45 crore in the same period last year.

Revenue from operations saw a modest uptick of 1.87% to reach Rs 18,069.56 crore, up from Rs 17,737.10 crore in the year-ago period, as detailed in a regulatory filing by the Aditya Birla group firm.

Total expenses climbed by 3.07% to Rs 16,128.37 crore. The total income also noted a slight increase of 1.81% to Rs 18,235.30 crore. Despite these gains, UltraTech Cement's shares dropped by 3.05% to Rs 11,295.65 on Friday during the BSE post-lunch session.

(With inputs from agencies.)