UltraTech Q4 results: Net rises 48%

Mumbai: India's largest cement maker UltraTech Cement reported a sharp jump in revenues for the three-month period ending March 31, 2022, on the back of higher volumes and price hikes, but high energy costs weighed on margins.

The company reported a 48% year-on-year growth in consolidated profit to ₹2,620 crore as it made one-time gains on the reversal of tax-related provisions. Normalised profit declined by 19% to ₹1,478 crore.

Consolidated revenues grew by 9% year-on-year to ₹15,767 crore. Operating profit or earnings before interest, tax, depreciation and amortisation (Ebitda) declined by 17% to ₹3,072 crore. Ebitda margins narrowed by over 6 percentage points to 19.5%.


High fuel costs were the biggest reason for the margin erosion. The company's power and fuel expenses for the quarter went up by 47% to ₹3,968 crore.