“UltraTech Cement Surges on Strong Fourth-Quarter Earnings Report”

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“UltraTech Cement Surges on Strong Fourth-Quarter Earnings Report”

UltraTech Cement’s shares surged almost 3% on Monday after the company’s fourth-quarter earnings report was released. The report showed a 35.24% increase in consolidated net profit, totaling Rs…

UltraTech Cement’s shares surged almost 3% on Monday after the company’s fourth-quarter earnings report was released.

The report showed a 35.24% increase in consolidated net profit, totaling Rs 2,258.58 crore for the period ending on March 31, 2024.

This is up from Rs 1,670.10 crore in the same period the previous year. Revenue from operations also increased by 9.41% to Rs 20,418.94 crore.

The company’s stock price rose to Rs 9,984 on the BSE, a gain of 2.93%, and peaked at Rs 10,009.85 during trading hours. On the NSE, it rose 2.78% to Rs 9,970.85. UltraTech Cement is a leading cement manufacturer and part of the Aditya Birla Group.

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