UltraTech Cement Delivers Strong Q4 Performance: Profit Jumps 20%, Declares ₹240/Share Dividend
UltraTech Cement [ULTRACEMCO] announced impressive Q4 FY24 results, with consolidated net profit surging by 20% year-on-year. The company also declared a significant dividend of ₹240 per share for its shareholders.
Leading cement manufacturer UltraTech Cement [ULTRACEMCO] has reported a robust financial performance for the fourth quarter of fiscal year 2024. The company's consolidated net profit saw a significant increase of 20% year-on-year, reaching ₹2,983 crore.
Adding to the positive news for investors, UltraTech Cement's board has recommended a substantial dividend of ₹240 per equity share. This move underscores the company's strong financial health and commitment to shareholder returns.
The impressive Q4 results cap a strong fiscal year for UltraTech Cement, marked by several key milestones. For the first time in its history, the company's consolidated Profit After Tax (PAT) crossed the ₹8,000 crore mark. Furthermore, its domestic grey cement capacity has now surpassed an impressive 200 million tonnes per annum (MTPA), solidifying its position as a market leader. Operating cash flows also demonstrated exceptional growth, rising by 50% year-on-year to reach ₹14,398 crore, reflecting efficient operations and strong demand.
These achievements highlight UltraTech Cement's operational excellence and strategic growth initiatives, positioning it strongly within the competitive Indian cement sector.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks. Please consult your financial advisor before making any investment decisions. StockTips.in is not a SEBI-registered investment advisor.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks. Please consult your financial advisor before making any investment decisions. StockTips.in is not a SEBI-registered investment advisor.