UltraTech Cement reports fall in Q2 profit for the end-June period
UltraTech Cement Ltd, India’s largest cement maker, reported a net profit of Rs 1,313.53 crore in the second quarter of the current fiscal, down 23 per cent from Rs 1,702.63 crore in the previous quarter.
The decline in net profit in the July-September quarter was primarily on account of higher costs. However, on a year-on-year (YOY) basis, there was an increase of 13 per cent from adjusted net profit of Rs 1,166 crore.
The company’s consolidated revenue for the quarter ended September stood at Rs 12,017 crore, up 1.6 per cent from Rs 11,830 crore in the first quarter of the current financial year.
On a year-on-year basis, the revenue was up 15.7 per cent from Rs 10,387 crore in the corresponding period last year.
“Ultratech is confident of weathering the storm of escalating coal, diesel and other input prices with its sustainable efficiency improvement programs as well as increasing selling prices to absorb cost overruns,” the company said in a statement. Is.”
.