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    UltraTech shares erase losses, jump 5% post Q4 results

    Synopsis

    UltraTech's standalone profit more than doubled to Rs 1,017 crore in Q4.

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    On a consolidated basis, profit stood at Rs 1,013 crore.

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    NEW DELHI: Shares of UltraTech Cement climbed over 5 per cent, erasing early losses after the company reported better-than-expected March quarter earnings numbers.

    The company’s standalone profit more than doubled to Rs 1,017 crore in Q4 against Rs 488 crore in the year-ago period.

    Analysts in an ET NOW poll had projected a net of Rs 820 crore.

    Standalone net sales jumped 18 per cent to Rs 10,334 crore from Rs 8,750 crore in the year-ago quarter. Domestic sales volume for the quarter rose 16 per cent.

    On a consolidated basis, profit stood at Rs 1,013 crore.

    The shares of the company closed 5.51 per cent up at Rs 4435.45 on BSE.
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    1 Comment on this Story

    Niveza Equity Research552 days ago
    Ultratech Cement stock is in limelight today in line with its robust revenues. The company has recorded remarkable growth in the Q4 revenues. Its consolidated Net profit is Rs. 1034.21 Crore Vs Rs. 446.13 cr. YoY and Total income is Rs. 11031.27 Cr. Vs Rs. 9401.41 Cr. YoY. The stock has sound fundamentals but seems expensive on the basis of an overvalued TTM based P/E at 62.45x.
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