Stock Analysis

UltraTech Cement Full Year 2024 Earnings: In Line With Expectations

Simply Wall St

May 01, 2024

UltraTech Cement (NSE:ULTRACEMCO) Full Year 2024 Results

Key Financial Results

Revenue: ₹709.1b (up 12% from FY 2023).
Net income: ₹70.1b (up 38% from FY 2023).
Profit margin: 9.9% (up from 8.0% in FY 2023). The increase in margin was driven by higher revenue.
EPS: ₹243 (up from ₹176 in FY 2023).

NSEI:ULTRACEMCO Revenue and Expenses Breakdown May 1st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

UltraTech Cement Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

In the last 12 months, the only revenue segment was Cement and Cement Related Products contributing ₹709.1b. The largest operating expense was Sales & Marketing costs, amounting to ₹158.8b (47% of total expenses). Explore how ULTRACEMCO's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.0% decline forecast for the Basic Materials industry in India.

Performance of the Indian Basic Materials industry.

The company's shares are up 4.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for UltraTech Cement that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.