Ultratech Cement today reported a decline of 11.31 per cent in its consolidated net profit to Rs 725.90 crore for the fourth quarter ended March 31, 2017, on account of higher expenses.

The firm, a part of the Aditya Birla Group, had clocked a net profit of Rs 818.56 crore in the January-March period a year ago, Ultratech said in a BSE filing.

The total income of the company was up 4.12 per cent at Rs 8,164.72 crore during the quarter under review as against Rs 7,841.05 crore in the corresponding quarter of the last fiscal.

Its total expenses were up 14.33 per cent to Rs 7,710.32 crore as against Rs 6,743.85 crore.

“Domestic grey cement sales were 47.62 mt for the full year and 13.35 mt for the fourth quarter of FY17. White cement and wall-care putty recorded sales of 13.18 lakh mt during FY17 and 3.86 lakh mt for the quarter ended on March 31, 2017,” the company said.

For the financial year ended March 31, 2017, Ultratech Cement’s net profit was up 9.55 per cent at Rs 2,714.92 crore as against Rs 2,478.04 crore in FY16.

For 2016-17, the company’s total income was up 1.52 per cent at Rs 29,294.05 crore as against Rs 28,855.39 crore in the year-ago period.

Its board, in a meeting today, recommended a dividend of 100 per cent at the rate of Rs 10 per share of face value of Rs 10 each, aggregating Rs 274.51 crore.

Shares of Ultratech Cement were trading up 4.69 per cent at Rs 4,155.05 on the BSE.

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