Dividend Stocks | UltraTech Cement Limited, a company of Aditya Birla Group, has announced the results for the March quarter. The company’s net profit for the March quarter of 2023-24 increased by 35.24 percent to Rs 2,258.58 crore. This profit in the same period a year ago was Rs 1,670.10 crore. UltraTech Cement said its operating income increased by 9.41 per cent to Rs 20,418.94 crore in the period under review. This was Rs 18,662.38 crore during the same period of 2022-23.
Net Profit
UltraTech Cement’s net profit for 2023-24 increased by 38.05 percent to Rs 7,003.96 crore. In 2022-23 it was Rs 5,073.40 crore. Total income in 2023-24 increased by 12.21 percent to Rs 71,525.09 crore.
UltraTech’s total expenses rose 6.67 per cent to Rs 17,381.09 crore in the January-March quarter. The Aditya Birla Group company’s total income rose 9.42 percent to Rs 20,554.55 crore in the January-March quarter.
Dividend Declared
UltraTech Cement, the country’s largest cement company, has recommended a final dividend of Rs 70 per share or 700 per cent of its face value at Rs 10 per share. The dividend proposal requires the approval of the shareholders at the upcoming annual general meeting of the company.
This is the highest dividend payment announced by the company since 2019. Last year the company had announced a dividend of Rs 38 per share. UltraTech has never declared a bonus issue or stock split. Meanwhile, on Monday, the first trading day of the week, the stock closed with a gain of 2.70 per cent at Rs 9,962.25.
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