Comments
UltraTech Cement, an Aditya Birla group company, has reported marginal increase in the December quarter net profit at ₹400 crore (₹395 crore) on higher output.
Net income in the December quarter was up at ₹5,835 crore against ₹5,137 crore recorded in the same period last year. The company's cement output increased to 10.98 million tonnes from 9.98 mt as it completed acquisition of JP Cement's Gujarat unit in June.
Cement prices witnessed a downtrend across region leading to lower realisation despite higher output, said the company. However, it added, the ongoing cost optimisation measures helped contain cost, despite the continuing increase in price of input material and logistics cost.
Despite fall in fuel prices, power and fuel cost of the company increased to ₹1,308 crore (₹1,107 crore) as output during the quarter increased.
On a standalone basis, the net profit is down two per cent at ₹364 crore (₹370 crore), while income increased to ₹5,601 crore (₹4,815 crore).
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.