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News UltraTech Cement boosts first-quarter cement volumes in 2024 financial year

UltraTech Cement boosts first-quarter cement volumes in 2024 financial year

Written by Global Cement staff 21 July 2023
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India: Aditya Birla subsidiary UltraTech Cement recorded cement sales volumes of 30Mt during the first quarter of the 2024 financial year, which began on 1 April 2023. This corresponds to growth of 20% year-on-year from first-quarter levels in the previous financial year. The Economic Times newspaper has reported that ICICI Securities expects UltraTech Cement's earnings before interest, taxation, depreciation and amortisation (EBITDA) to fall by 3% year-on-year. Declining fuel prices are expected to have contributed to a drop in the producer's costs. Throughout the quarter, its capacity utilisation rate was 90%.

Last modified on 26 July 2023
Published in Global Cement News
Tagged under
  • Aditya Birla
  • India
  • UltraTech Cement
  • Sales
  • volumes
  • ICICI Bank
  • costs
  • Coal
  • petcoke
  • fossil fuels
  • Capacity utilisation
  • GCW618
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