Udaipur Cement Works 4Q net profit up 17%

India-based Udaipur Cement Works posted a net revenue of INR34.835bn (US$418.3m) in the January-March 2024 quarter (4QFY23-24), an increase of 18.2 per cent YoY from INR29.464bn in the 4QFY22-23.

The company’s net profit increased 17.2 per cent YoY to INR197.9m in the 4QFY23-24 from INR168.9m in the year-ago period.

Operating expenses increased by 14.9 per cent to INR2.874bn in the 4QFY23-24 from INR2.502bn in the equivalent period of the previous year while other income increased by 4745 per cent to INR96.9m from INR2m over the same period.

Operating profit saw a 36.9 per cent increase to INR608.6m in the 1QFY23-24 from INR444.6m in the year-ago period while the operating profit margin edged up to 15.8 per cent.

Interest increased 113.5 per cent to INR245.7m while taxation was higher by 0.6 per cent to INR70.6m.