Udaipur Cement Works 4Q net profit up 17%

Udaipur Cement Works 4Q net profit up 17%
20 May 2024

India-based Udaipur Cement Works posted a net revenue of INR34.835bn (US$418.3m) in the January-March 2024 quarter (4QFY23-24), an increase of 18.2 per cent YoY from INR29.464bn in the 4QFY22-23.

The company’s net profit increased 17.2 per cent YoY to INR197.9m in the 4QFY23-24 from INR168.9m in the year-ago period.

Operating expenses increased by 14.9 per cent to INR2.874bn in the 4QFY23-24 from INR2.502bn in the equivalent period of the previous year while other income increased by 4745 per cent to INR96.9m from INR2m over the same period.

Operating profit saw a 36.9 per cent increase to INR608.6m in the 1QFY23-24 from INR444.6m in the year-ago period while the operating profit margin edged up to 15.8 per cent.

Interest increased 113.5 per cent to INR245.7m while taxation was higher by 0.6 per cent to INR70.6m.

Published under Cement News