UltraTech Cement Reports 13.7% Fall In December Quarter Profit

Revenue from operations surged 18.9 per cent to Rs 9,390 crore and domestic sales volume jumped 15 per cent.

UltraTech Cement Reports 13.7% Fall In December Quarter Profit

UltraTech Cement 3rd quarter profit: The company said its revenue from operations rose 18.9%

UltraTech Cement posted on Thursday a 13.7 per cent drop in net profit, dented by higher expenses.

Net profit declined to Rs 394 crore ($55.30 million) for the quarter ended December 31, 2018, from Rs 456 crore a year earlier, the company said.

Meanwhile, revenue from operations surged 18.9 per cent to Rs 9,390 crore and domestic sales volume jumped 15 per cent.

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Shares in UltraTech Cement declined as much as 2 per cent on Thursday. At 2:20 pm, UltraTech Cement shares traded 1.6 per cent lower at Rs 3,789.10 apiece on the NSE, whose benchmark was nearly unchanged amid a choppy session.

($1 = Rs 71.2490)