The other income of the company was up 5.8 percent at Rs 182 crore versus Rs 171.83 crore.
UltraTech Cement has reported 72.3 percent jump in its second quarter standalone net profit at Rs 639 crore against Rs 371 crore in the same period last year.
The company’s revenue rose 4.3 percent at Rs 9,254 crore against Rs 8,869 crore, YoY.
Earnings before interest, tax, depreciation and amortisation (EBITDA) was up 29.2 percent at Rs 1,813 crore against Rs 1,403 crore.
The EBITDA margin was up 380 bps at 19.6 percent versus 15.8 percent.
The company’s other income was up 5.8 percent at Rs 182 crore versus Rs 171.83 crore.
The company board has approved a capex of Rs 940 crore for making premium products, with an increase in its grinding capacities in Bihar and West Bengal by 0.6 mtpa each and a new grinding unit of 2.2 million tons in Odisha.UltraTech Cement shares ended On October 18 at Rs 4,295.50, up Rs 89.45, or 2.13 percent, on the BSE.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.