UltraTech Cement's net profit grows 67% to Rs 1,774.7 crore in Q3 FY24
UltraTech Cement's revenue from operations rose 7.85 per cent to Rs 16,739.97 crore during the period. It was Rs 15,520.93 crore in the corresponding period a year ago.
UltraTech Cement's revenue from operations rose 7.85 per cent to Rs 16,739.97 crore during the period. It was Rs 15,520.93 crore in the corresponding period a year ago.
It has received an order from Assistant Commissioner, Bathinda, for a demand of "Rs 25.11 lakh together with interest and penalty, alleging that the ISD (Input Service Distributor) credit not reflected" in the statement of FY18, the Aditya Birla Group firm said in a regulatory filing on Friday.
UltraTech Cement's grey cement production in the domestic market was at 25.44 MT in the October-December quarter FY24, reporting 5 per cent growth, while its white cement production was 0.48 MT, up 14 per cent.
Grasim Industries' net consolidated total income stood at Rs 30,505.27 crore in Q2 FY24, a growth of 9.98 per cent from Rs 27,737.58 crore it recorded in the similar quarter last year.
Infibeam bought the 7,000 square metre plot and 4.20 lakh square feet of constructed property for between Rs 90 crore and Rs 100 crore, sources said.
Ultratech Cement's total consolidated income stood at Rs 16,179.26 crore in Q2 FY24, a growth of 15.25 per cent from Rs 14,038.95 crore it recorded in the similar quarter last year.
The proposed rights issuance by Grasim industries aims to fund the ongoing capital expenditure plan, repay existing borrowings, and support general corporate purposes.
UltraTech Cement's grey cement production in the domestic market was at 25.24 MT in September quarter FY24, reporting 15.46 per cent growth, while its white cement production was 0.42 MT, up 10.52 per cent.
Grasim Industries had previously committed an investment of Rs 10,000 crore towards setting up the paints business. The company's six manufacturing plants will have a total capacity of 1,332 million litres per annum (MLPA).
The Aditya Birla group flagship firm is now shifting focus to the new businesses and has embarked on a "transformational growth phase" with the incubation of two new high-potential growth engines-Paints and B2B e-commerce for building materials, he said.
Ultratech Cement's net consolidated total income stood at Rs 17,910.83 crore in Q1 FY24, a growth of 17.27 per cent from Rs 15,272.70 crore it recorded in the similar quarter last year.