UltraTech Cement’s net revenue at Rs 1,700 crore in Q1 FY22

23 Jul 2021 CW Team

Cement major UltraTech Cement has reported a net profit of Rs Rs 1,700 crore in Q1 FY22 compared to its net profit of 793.08 crore in the April-June quarter of the previous year.

Its profit from services was higher 54.21% to Rs 11,829.84 crore throughout the quarter under review, compared to Rs 7,671.05 crore in the corresponding period of FY21.

UltraTech's entire expenses were at Rs 9,508.26 crore, 43.22% higher, in Q1 FY22 compared to Rs 6,638.90 crore.

During the quarter, its total sales volume was at 21.53 million metric tonne (mt), recording a growth of 47% year-on-year. The cement firms continue to maintain firm control on cash flow and cost, including a centre on operational efficiencies.

While sharing updates about the Covid-19 pandemic, the firm told the media that the destructive second wave affected the cement demand marginally.

UltraTech revealed while updating the capex that the firm's development programme is on track and expected to be completed by the end of FY23.

The capacity will be increased to 136.25 mt after completion. The company expects to commission each project according to the original schedule.

UltraTech said with predictions of a possible third wave, it is strictly observing the situation. Although, it continues to be cautiously optimistic, given its inherent financial and operational resources and the continuing thrust of the government on infrastructure projects and housing construction.

Shares of UltraTech Cement ended at Rs 7,459.85 on the Bombay Stock Exchange (BSE), 0.49% higher than the last close.

Image Source

Also read: Cement volume registers 20% growth recovery in June: Ind-Ra

Also read: ICRA revises cement growth outlook for FY22

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..