Udaipur Cement Works posts net profit of Rs 12.15 crore in Q2 FY24, ET RealEstate

October 26, 2023

NEW DELHI: Udaipur Cement Works has reported a growth of 457.34 per cent in its net profit during the quarter ended September 30, 2023. It’s profit after tax stood at Rs 12.15 crore in Q2 FY24 as against Rs 2.18 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

The company’s net total income stood at Rs 269.52 crore in Q2 FY24, a growth of 22.23 per cent from Rs 220.50 crore it recorded in the similar quarter last year.

As on September 30, 2023, the company’s net worth stood at Rs 825.81 crore, debt-equity ratio was 1.57, current liabilities ratio was 0.23, total debts to total assets was 0.53, operating margin was 14% and net profit margin was 4%.

The company has completed the rights issue of Rs 448 crore in July 2023. The proceeds of the rights issue are being deployed in the on-going expansion project of the company.

It has commissioned its second clinker line of 1.50 million tonnes per annum in October 2023, whereby its clinker capacity has doubled to 3 million tonnes per annum.

  • Published On Oct 26, 2023 at 05:00 PM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETRealty App

  • Get Realtime updates
  • Save your favourite articles

Scan to download App

Source link

Abhay Singh

Web Developer

Leave a Comment