Revenue from operations grew by 18.36% to Rs 18,662.38 crore in Q4 FY23 from Rs 15,767.28 crore recorded in the corresponding quarter previous year.

Net sales jumped 18.51% year on year (YoY) to Rs 18,436 crore in the quarter ended 31 March 2023.

Profit before interest, depreciation and tax (PBIDT) stood at Rs 3,444 crore in Q4 FY23, registering a growh of 8.82% from Rs 3,165 crore recorded in the same period a year ago. Profit before tax was at Rs 2,492.4 crore in Q4 FY23, up 10.5% YoY.

Total expenses spiked 19.76% YoY to Rs 16,292.95 crore in Q4 FY23. Cost of raw material consumed was at Rs 2567.32 crore (up 22.29% YoY) and power & fuel expense stood at Rs 5,308.92 crore (up 33.78% YoY).

Energy cost rose 17% and prices of pet coke and coal cost increased by 18% YoY. Raw material cost was up 9% YoY on account of increase in cost of fly ash, slag and gypsum etc.

On operational front, the total consolidated sales volume for Q4 FY23 stood at 31.7 million tons, recording a growth of 14% YoY.

Domestic sales volume grew 15% to 30.5 million tons during the quarter,

The company has commissioned cement capacity of 5.6 MTPA in Q4 FY23, taking total grey cement capacity of the firm to 126.95 MTPA in India.

The firm's Readymix concrete (RMC) network increased to 231 plants spread across more than 100 cities. Ultratech's trade mix for the quarter was at 66% and blended cement at 69%. Meanwhile, the clinker conversion ratio stood at 1.42.

In the year ended March 2023, the cement maker's consolidated net profit (from continuing operations) dropped 29.28% to Rs 5,073.40 crore despite of 20.56% rise in net sales to Rs 62,338 crore.

UltraTech achieved the unique distinction of registering 100 million tons of production, dispatches and sales in FY23. This was backed by an effective capacity utilization of 95% during this quarter and 84% capacity utilization for the year.

On capex front, the cement major said that its expansion program is progressing as per schedule. During the year, the company commissioned 12.4 million tonnes per annum (mtpa) additional capacity of grey cement. It has further commissioned a 2.2 mtpa brownfield cement capacity at Patliputra in April 2023.

The company added that the work on its next phase of growth of 22.6 mtpa has already commenced. Civil work is in full swing at most sites. Commercial production from these new capacities is expected to go on stream in a phased manner by FY25/FY26.

Upon completion of these expansions, the company's capacity will grow to 160.45 mtpa, reinforcing its position as the third largest cement company in the world, outside of China and the largest in India by far, the cement maker stated in the press release.

In its outlook UltraTech Cement said its capital and financial resources remain fully protected and its liquidity position is adequately covered. Most importantly, it continues to remain committed to all its business associates. Demand for cement across all sectors continues to remain strong which augur well for the company.

Meanwhile, the company's board has recommended a dividend of Rs 38 per equity share for the year ended 31 March 2023, subject to the approval of shareholders.

UltraTech Cement is the cement flagship company of the Aditya Birla Group. It is the third largest cement producer in the world, outside of China, with a consolidated Grey Cement capacity of 134.55 mtpa.

Shares of UltraTech Cement rose 0.71% to settle at Rs 7,554.60 on the BSE.