FINANCIALS
Q4FY2022-23
Consolidated
FY23
For the full year, Consolidated
OPERATIONS
UltraTech achieved the unique distinction of registering 100 million tons of production, dispatches and sales in FY23. This was backed by an effective capacity utilisation of 95% during this quarter and 84% capacity utilisation for the year.
The Company saw an increase in energy cost by 17% YoY and 4% lower QoQ. Prices of pet coke and coal increased 18% YoY. Raw material cost was up 9% YoY on account of increase in cost of fly ash, slag gypsum etc.
DIVIDEND
The Board of Directors at their meeting held today have recommended a dividend of 380% at the rate of
CAPEX
UltraTech's expansion programme is progressing as per schedule. During the year, the Company commissioned 12.4 MTPA additional capacity of grey cement. It has further commissioned a 2.2 MTPA brownfield cement capacity at Patliputra in April, 23.
Work on its next phase of growth of 22.6 MTPA has already commenced. Civil work is in full swing at most sites. Commercial production from these new capacities is expected to go on stream in a phased manner by FY25/FY26.
Upon completion of these expansions, the Company's capacity will grow to 160.45 MTPA, reinforcing its position as the third largest cement company in the world, outside of
CORPORATE DEVELOPMENT
The Board of Directors approved a Scheme of Amalgamation of
SUSTAINABILITY
In line with its continuing endeavour towards enhancing environment conservation measures, the Company commenced 43 MW of WHRS capacity during the year. With this, the Company's total WHRS capacity stands augmented to 210 MW covering 15% of its current power needs. This is expected to increase to 300 MW by the end of FY24, after completing the on-going expansions. UltraTech remains focused on accelerating the decarbonisation of its operations.
Sustain Labs Paris' (SLP) in partnership with BW Businessworld has ranked UltraTech No.1 in Sustainability in the Infrastructure and Engineering sector and 15 out of the top 200 Companies in
UltraTech has been recognised as a leader in 'climate change' by
Thirteen limestone mines received 5-star ratings for 2021-22 from the
GOING FORWARD
UltraTech's capital and financial resources remain fully protected and its liquidity position is adequately covered. Most importantly, it continues to remain committed to all its business associates. Demand for cement across all sectors continues to remain strong which augur well for the Company.
Contact:
Tel: +91-22-6652-5000
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