| Purpose | Announcement Date | Book Closure Start Date | Book Closure End Date |
|---|---|---|---|
| BookCloser | 19 Jul 2024 | 31 Jul 2024 | 14 Aug 2024 |
| Annual General Meeting and Book Closure Intimation Rs.70.0000 per share(700%)Final Dividend & A.G.M (As Per BSE Bulletin dated on 22.07.2024) | |||
For the July-September 2024 quarter, UltraTech Cement reported a net profit of ₹825 crore, a drop of 36% from ₹1,280 crore it had registered for the same period last year.
Additionally, the result fell short of street projections of Rs 956 crore. Operating revenue fell to Rs 15,635 crore, a 2% YoY decrease.
To accommodate growing demand, the cement industry plans to add 35-40 million tonnes of capacity in the next fiscal year, with 60-65% concentrated in the eastern and southern regions.
The participating banks in this transaction include SMBC, State Bank of India (SBI), BNP Paribas, DBS Bank, MUFG Bank, and Mizuho Bank.
Here are some of the stocks that may see significant price movement today: GPT Infraprojects, KPI Green, UltraTech Cement, etc.
UltraTech has announced an open offer for a 26% stake in India Cements at ₹390 per share, a 4% premium to the recent closing price.
Here are some of the stocks that may see significant price movement today: UltraTech Cement, ICICI Bank, Punjab National Bank, etc.
The flat net profit and modest revenue growth reflect the tough operating environment during the quarter.
Promoter N Srinivasan and his family own a 28.42% stake in India Cements, albeit some of those shares are pledged.
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