India: UltraTech Cement reported revenues of US$7.48bn in the 2023 financial year, up by 21% year-on-year from US$6.18bn in the 2022 financial year. The cement producer's total expenses rose by 29% to US$6.27bn. This contributed to an 8% decline in the company's earnings before interest, taxation, depreciation and amortisation (EBITDA) to US$1.3bn from US$1.41bn.
UltraTech Cement's sales rise as earnings drop in 2023 financial year
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