UltraTech Cement to increase sales and profit in second quarter of 2022 financial year

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India: Ratings agency Emkay Global has forecast an 11% year-on-year rise in UltraTech Cement’s second-quarter sales in the 2022 financial year to US$1.5bn from US$1.36bn. It expects the producer’s cement sales to rise by 6% in the period to 20.4Mt, and its net profit to grow by 6.4% to US$174m from US$163m.

The Economic Times newspaper has reported that Emkay Global predicted that UltraTech Cement’s costs will rise by 7% and that its earnings before interest, taxation, depreciation and amortisation per tonne of cement will fall by 5% year-on-year.

Last modified on 20 October 2021

URL: https://globalcement.com/news/item/13142-ultratech-cement-to-increase-sales-and-profit-in-second-quarter-of-2022-financial-year

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