Aditya Birla Group’s UltraTech Cement Limited on Friday said it closed the third quarter of FY24 with a consolidated net sales of Rs16,487 crore as against Rs 15,299 crore over the corresponding period of the previous year.
Profit after tax was Rs 1,777 crore highest ever quarterly PAT as compared to Rs 1,058 crore in Q3FY23.
During the quarter under review, domestic grey cement sales volume rose 5 per cent YoY and 1 per cent QoQ, respectively. Improved operational efficiencies, coupled with lower fuel and raw material costs resulted in improved EBITDA margins, the company said.
During the quarter under review, the company acquired a 0.54 mtpa cement grinding asset of Burnpur Cement Limited, located at Patratu in Jharkhand for a consideration of Rs169.79 crore, marking its entry in the state of Jharkhand.