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News UltraTech Cement to increase sales and profit in second quarter of 2022 financial year

UltraTech Cement to increase sales and profit in second quarter of 2022 financial year

Written by Global Cement Staff 18 October 2021
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India: Ratings agency Emkay Global has forecast an 11% year-on-year rise in UltraTech Cement’s second-quarter sales in the 2022 financial year to US$1.5bn from US$1.36bn. It expects the producer’s cement sales to rise by 6% in the period to 20.4Mt, and its net profit to grow by 6.4% to US$174m from US$163m.

The Economic Times newspaper has reported that Emkay Global predicted that UltraTech Cement’s costs will rise by 7% and that its earnings before interest, taxation, depreciation and amortisation per tonne of cement will fall by 5% year-on-year.

Last modified on 20 October 2021
Published in Global Cement News
Tagged under
  • India
  • UltraTech Cement
  • Results
  • Forecast
  • Sales
  • Profit
  • volumes
  • GCW528

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