Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
BW Businessworld

Ultratech Cement September-Quarter Profit Falls 28%

Standalone profit fell to Rs 4.31 billion for the quarter ended September 30, from Rs 6.01 billion a year ago, the company said on Wednesday (18 October)

Photo Credit :

1456642694_3Xsddj_Ultratech_Cement_Reu.jpg

UltraTech Cement Ltd posted a 28 percent fall in second-quarter profit, but beat street estimates, hurt by higher expenses.

Standalone profit fell to Rs 4.31 billion for the quarter ended September 30, from Rs 6.01 billion a year ago, the company said on Wednesday (18 October).

Revenue from operations on a standalone basis rose 6.1 percent to Rs 65.71 billion, the company, which is part of the Aditya Birla Group, said.

Total expenses for the quarter grew 11 percent to Rs 60.95 billion.

Analysts on average had expected a standalone net profit of Rs 4.15 billion, according to Thomson Reuters data.

(Reuters)


sentifi.com

Top themes and market attention on: