Share prices of a small-cap stock moved up by nearly 0.083 percent to Rs. 9,686.8 on NSE in the trading session of Tuesday, compared to the previous closing price of Rs. 9,681.75, after the company announced the commissioning of cement capacity.
With a market cap of Rs. 2.77 lakh crore, the company has delivered positive returns of over 16.8 percent in the last six months, whereas nearly 29.02 percent in the last one year. So far in 2024, it has given negative returns of around 8.1 percent.
According to the recent filings on the stock exchanges, UltraTech Cement Limited has announced the commissioning of 1 mtpa brownfield cement capacity at Roorkee, Uttarakhand, increasing the Unit’s capacity to 2.1 mtpa.
This is a part of the 22.6 mtpa capacity expansion announced in June 2022, and with this commissioning, UltraTech’s total grey cement manufacturing capacity in India has now increased to 138.39 mtpa.
In terms of financials, the company’s revenue from operations grew by 4.54 percent from Rs. 16,012 crore in Q2 FY23-24 to Rs. 16,740 crore in Q3 FY23-24.
The net profit of the company also increased by 38.6 percent to Rs. 1,280 crore in Q3 FY23-24 from Rs. 1,775 crore in Q2 FY23-24.
As of December 2023, FIIs hold 18.2 percent of the shares, while DIIs hold 13.68 percent of the shares in the company, aggregating to 31.88 percent of the institutional holdings.
The cement flagship company of the Aditya Birla Group, UltraTech Cement Limited is India’s largest manufacturer of grey cement and ready mix concrete, one of the top manufacturers of white cement, and the world’s third largest cement producer (excluding China).
Written by Shivani Singh
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