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UltraTech Cement Q3 net profit jumps to Rs 1,584.6 crore January 25 2021UltraTech Cement, Q3, FY2020-21, FY21

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UltraTech Cement Q3 Results

On Saturday, Aditya Birla group firm UltraTech Cement announced a 122.56 percent jump in its consolidated net profit for the third quarter of fiscal year 2021 to Rs 1,584.6 crore as compared to Rs 711.2 crore in the corresponding quarter of last year. Ultratech Cement said in the BSE filing.

The consolidated operating income of the cement manufacturer during Q3FY21 increased by 17.4 percent to Rs 12,254.1 crore from Rs 10,439.3 crore. The total expenses were amounted to Rs 10,190 crore in the 3rd quarter of FY 2020-21 as against 6.3 percent down to Rs 9,166 crore. A volume growth of 14 percent to 22.8 million tons was witnessed during the quarter.

‘The disruption caused by Covid-19 is recovering rapidly. This was fueled by faster recovery of demand, restoration of the supply side and greater cost efficiencies,’ the company said in a regulatory filing.  

‘Although rural and semi-urban housing continued to drive growth, incremental cement demand was supported by pick-ups in government-led infrastructure. With the gradual return of the migrant work force, pent-up urban demand is intended to increase,’ the company statement said.

The additional capacity is being built in the rapidly growing markets of the country's eastern, central and northern regions, the company said. this expansion is in contrast to the 6.7 mpta capacity addition of the company in UP, Bihar and West Bengal that is planned to be commissioned in a phased manner by FY22. 

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INDIRA SECURITIES PVT.LTD. (SEBI REG.NO.):NSE TMID: 12866, BSE TMID: 663, CDSL DPID: 17000 SEBI REG. NO.: INZ000188930, MCX TM ID: 56470, NCDEX TM ID: 01277, CDSL REG. NO.: IN-DP-90-2015, CIN : U67120MH1996PTC160201




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