UltraTech Cement surges despite reporting 42% fall in Q2 consolidated net profit

UltraTech Cement currently trading at Rs. 6384.00, up by 42.85 points or 0.68% from its previous closing of Rs. 6341.15 on the BSE.

The scrip opened at Rs. 6325.00 and has touched a high and low of Rs. 6445.00 and Rs. 6254.20 respectively. So far 59512 shares were traded on the counter.

ultratech cement gains on planning to sell stake in ecbl epcl to heidelbergcement
ultratech cement gains on planning to sell stake in ecbl epcl to heidelbergcement

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 8267.00 on 08-Nov-2021 and a 52 week low of Rs. 5158.05 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 6445.00 and Rs. 6082.70 respectively. The current market cap of the company is Rs. 184203.00 crore.

The promoters holding in the company stood at 59.96%, while Institutions and Non-Institutions held 31.33% and 8.18% respectively.

UltraTech Cement has reported results for second quarter ended September 30, 2022.

The company has reported a fall of 44.74% in its net profit at Rs 718.37 crore for the quarter under review as compared to Rs 1300.09 crore for the same quarter in the previous year.

However, total income of the company increased by 16.74% at Rs 13646.52 crore for Q2FY23 as compared Rs 11690.17 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported fall of 42.10% in its net profit at Rs 758.70 crore for the quarter under review as compared to Rs 1310.34 crore for the same quarter in the previous year.

However, total income of the company increased by 15.48% at Rs 14038.95 crore for Q2FY23 as compared Rs 12156.83 crore for the corresponding quarter previous year.

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