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

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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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