UltraTech Cement’s Q1 2023 Earnings: Stay tuned for the live earnings call and real-time transcript

Ultratech Cement is expected to report its earnings today. The company is engaged in the manufacturing and sale of Cement and Cement related product primarily in India.

Listen to Ultratech Cement’s Q1 earnings call live and check real-time transcript

In last quarter, the total revenue of the company grew by 18% from ₹15,767 to ₹18,562 Crore on the year on year basis while the net profit was own by 36%.

According to an average of the estimates from Motilal Oswal Financial Services Limited, Kotak Institutional Equities, ICICI Securities, and HDFC Securities, the company is expected to report a Net Profit of ₹1,630 crore against ₹1,584 crore reported in Q1FY23. However, sequentially, the Net Profit is expected to decrease by 2.2 percent QoQ (quarter-on-quarter) from ₹1,670 crore reported in Q4FY23.

Based on the mean consensus of the above-mentioned brokerage firms, the company is expected to report a Revenue of ₹17,475 crore in Q1FY24, which would be a 15.2 percent increase YoY from ₹15,164 crore reported in Q1FY23. However, the revenues are expected to decline by 6.4 percent from ₹18,662 crore reported in Q4FY23.

In the recently released sales volume figures for the April to June quarter, Ultratech reported a total consolidated sales volume of 29.96 million tonnes, showing a 20 percent increase YoY from 25.04 million tonnes reported in Q1FY23.