Cement News

UltraTech Cement Q1 net profit shrinks 7% to ₹1,582 crore

Aditya Birla group company UltraTech Cement on Friday reported a 7% year-on-year (YoY) plunge in net profit at 1,582 crore for the June quarter compared with 1,700 crore in the same quarter last year.

The company’s consolidated revenue in Q1FY23 rose to 15,163.98 crore as against 11,830 crore reported in Q1FY22.

Shares of UltraTech Cement were trading 5.16% higher at 6,455.05 apiece on the NSE today.

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