Udaipur Cement Works reports revenue growth

India’s Udaipur Cement Works Ltd has announced unaudited revenue from operations of INR2381.7m (US$29.13m) in the quarter ended 31 December 2022. This compares to INR2200.5m in the previous quarter and INR2077.6m in the same period a year earlier.

Net profit after tax in the quarter ended 31 December 2022 stood at INR32.2m, versus INR21.8m in the previous quarter and INR53.9m in the same period in 2021. Power and fuel costs advanced from INR549.2m in the quarter ended 31 December 2021 to INR839.7m in the same period a year later. 

In the nine months ended 31 December 2022, unaudited revenue from operations came in at INR7363.3m, up from INR6215.7m in the same quarter in 2021. Net profit after tax over the 2022 nine-month period stood at INR189.7m, versus INR324.4m in the same quarter a year earlier. Power and fuel expenses over the same timeframe jumped from INR1616.4m to INR2586.2m.