Ultatech Cement's Q3 net profit dips 38 pc to Rs 370 crore

Ultratech Cement today reported a 38.43 per cent dip in net profit for the October-December quarter at Rs 370 crore due to subdued selling price of building material amidst poor demands.

The Aditya Birla Group's flagship firm had clocked Rs 601 crore net profit in the corresponding quarter of last fiscal, it said in a release.

"The results for the quarter have been impacted mainly on account of lower selling prices due to the subdued demand. However, on-going cost optimisation measures have helped in containing costs despite the continuing increase in input and logistics costs," it said.

Ultratech Cement's net sales also marginally declined to Rs 4,786 crore during the quarter from Rs 4,857 crore a year earlier.

The company's combined sales of cement, clinker, white cement and wall care putty during the three-month period stood at 9.7 million tonnes.

Total expenses increased to Rs 4,267 crore from Rs 4,072 crore a year ago. Freight costs rose to Rs 1,119 crore against Rs 1,059 crore. Finance costs also went up to Rs 90 crore from Rs 52 crore.

"The outlook continues to remain challenging. Demand growth in the long-term is likely to be around 8 per cent. The key demand drivers will continue to be housing and infrastructure spends," it added.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The current value of the rupee does not merit market intervention

    The rupee, losing 40 paise per month against the dollar since May, is expected to remain under pressure till the calendar runs out on December 31, bef

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture