UltraTech Cement Ltd. approved issuance of ₹1,000 crore worth of unsecured redeemable non-convertible debentures through private placement. The NCDs carry 10 year tenor, interest rate of 7.22%, listed on the National Stock Exchange (NSE). It will mature on November 24, 2034, and redeem at par.
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. The company’s revenue for the quarter in the said report came at ₹15,635 crore, which is 2% lower than last year.
The EBITDA for the quarter was ₹2,019 crore, reflecting a 21% drop from ₹2,550 crore in the same quarter of the previous year. Operating margin of UltraTech Cement plunged sharply by 300 basis points to 12.9% in Q2 FY25 from 15.9% in Q2 FY24.
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