UltraTech Cement surges as its Q1 consolidated sales rise 19.64% to 29.96 MT
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
UltraTech Cement is currently trading at Rs. 8431.25, up by 138.40 points or 1.67% from its previous closing of Rs. 8292.85 on the BSE.
The scrip opened at Rs. 8380.00 and has touched a high and low of Rs. 8499.70 and Rs. 8373.80 respectively. So far 3045 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8429.00 on 16-Jun-2023 and a 52 week low of Rs. 5486.00 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 8315.30 and Rs. 8070.00 respectively. The current market cap of the company is Rs. 243398.67 crore.
The promoters holding in the company stood at 59.96%, while Institutions and Non-Institutions held 31.76% and 7.77% respectively.
UltraTech Cement’s consolidated sales increased 19.64 percent to 29.96 million tonne (MT) in the first quarter ended June 2023. The company produced 25.04 MT of cement in the April-June quarter a year ago. Its total sales volume in the domestic market rose 19.87 percent to 29.01 MT during the quarter under review. It was 24.20 MT in Q1 FY23.
Its grey cement production in the domestic market was 28.60 MT in the June quarter of FY24, a 20 percent growth, while its white cement production was 0.41 MT, up 11 percent. UltraTech's overseas production, mainly grey cement, was 1.04 MT in Q1FY24, up 10.63 percent.
The company registered a capacity utilisation of 90 percent for the quarter. UltraTech has a consolidated capacity of 135.55 million tonnes per annum (MTPA) of grey cement. It has 23 integrated manufacturing units, 29 grinding units, one clinkerisation unit and eight bulk packaging terminals. It is the third largest cement producer in the world, excluding China.
UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.
