UltraTech Cement tape-recorded a dip in second quarter earnings over June-end periodIndia's biggest cement manufacturer UltraTech Cement Limited reported a net revenue of Rs 1,313.53 crore for the second quarter of the current fiscal, which was 23 percent below Rs 1,702.63 crore of the previous quarter.The dip in July-September quarter net revenue was basically because of higher costs.
On a year-on-year (YOY) basis though, there was an increase of 13 percent from the adjusted net profit of Rs 1,166 crore.The business's combined profits stood at Rs 12,017 crore during the September-end quarter, 1.6 percent more than Rs 11,830 crore of the very first quarter of the present fiscal.On a YOY basis, the income was higher by 15.7 percent from Rs 10,387 crore of the matching duration of last year.
UltraTech is positive of weathering the storm of boost in prices of coal, diesel, and other inputs, with its sustainable efficiency enhancement programs, accompanied by a boost in selling prices to take in the boost in expenses, it stated in a declaration.