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News UltraTech Cement’s first quarter sales rise in 2023 financial year

UltraTech Cement’s first quarter sales rise in 2023 financial year

Written by Global Cement staff 25 July 2022
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India: UltraTech Cement increased its sales by 28% year-on-year to US$1.9bn in the first quarter of its 2023 financial year, from US$1.48bn in the first quarter of the 2022 financial year. The company’s net profit during the quarter was US$198m, down by 7% year-on-year from US$213m in the first quarter of the 2022 financial year.

Dow Jones Institutional News has reported that UltraTech Cement recorded increased cement demand in June 2022 and forecasts full-year year-on-year consumption growth nationally. The producer said that state-backed investment in infrastructure and industrial development will support high housing demand momentum, while pressure will remain on its profitability due to high costs.

Last modified on 27 July 2022
Published in Global Cement News
Tagged under
  • India
  • UltraTech Cement
  • Aditya Birla
  • Results
  • demand
  • Forecast
  • market
  • Infrastructure
  • homebuilding
  • costs
  • Profit
  • GCW567
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