UltraTech Cement Second Quarter Profit Down 23% From June-End Period

UltraTech Cement recorded a dip in second quarter revenue over June-end interval

India's largest cement producer UltraTech Cement Limited reported a web revenue of Rs 1,313.53 crore for the second quarter of the present fiscal, which was 23 per cent down from Rs 1,702.63 crore of the earlier quarter.

The dip in July-September quarter web revenue was mainly due to greater prices. On a year-on-year (YOY) foundation although, there was a rise of 13 % from the adjusted web revenue of Rs 1,166 crore.

The firm's consolidated income stood at Rs 12,017 crore throughout the September-end quarter, 1.6 per cent greater than Rs 11,830 crore of the primary quarter of the present fiscal.

On a YOY foundation, the income was greater by 15.7 % from Rs 10,387 crore of the corresponding interval of final yr.

“UltraTech is confident of weathering the storm of increase in prices of coal, diesel, and other inputs, with its sustainable efficiency improvement programs, accompanied by an increase in selling prices to absorb the increase in costs,” it mentioned in an announcement.