UltraTech Cement Q4 consolidated net declines 45% to Rs 1,775 crore

Elvera Bartels

UltraTech Cement Ltd, flagship organization of Aditya Birla Group, described a reduce-than-envisioned consolidated net income of Rs one,775 crore in March quarter, down 45 per cent from the corresponding interval previous yr even as net product sales jumped. The organization described consolidated net income of Rs 3,243 crore in March 2020.

Net product sales of the Aditya Birla Group organization stood at Rs fourteen,405 crore in the last quarter of FY21, up 33 per cent from exact same interval previous yr on powerful need for the commodity.

As per Bloomberg estimates, the company’s topline was envisioned to be at Rs thirteen,460 crore, even though the bottomline is believed to be at Rs one,644 crore in the interval less than assessment.

Tax fees worth Rs 865 crore ate into the organization earnings in the interval less than assessment, in switch dragging the bottomline.

In the corresponding interval previous yr, the practically

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