Aditya Birla Group-owned cement major UltraTech reported a 36% year-on-year (YoY) decline in consolidated profit for the second quarter of fiscal 2024-25 at ₹820 crore. The company posted a profit of ₹1,280 crore in the same quarter a year ago (Q2FY24).
Today (October 21), the company announced the results for the second quarter (July-September) of the financial year 2024-25. Shares of Ultratech Cement fell 2.08% on Monday to Rs. closed at 10,839. The stock has gained 30.19% in the last one year. The market cap of the company is Rs 3.12 lakh crore.
Revenue fell 2.36% to ₹15,634 crore
Ultratech Cement's operating income also declined by 2.36% year-on-year. Income from operations in Q2FY25 was ₹ 15,634 crore. Revenue was ₹ 16,012 crore in the same quarter a year ago i.e. the second quarter of FY24.
Revenue fell 2.00% to ₹15,855 crore
The company's total revenue in the second quarter fell 2.00% year-on-year (YoY) to Rs. 15,855 crore as against Rs. 16,179 crores. At the same time, the company's total revenue fell 13.05% on a quarterly basis.
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