UltraTech Cement Q3 net at Rs. 456.66 crore

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Aditya Birla Group firm UltraTech Cement on Thursday reported consolidated net profit of Rs. 456.66 crore for the third quarter ended December 31, 2017.

The company had posted Rs. 693.96 crore net profit in the October-December period of the previous fiscal, UltraTech Cement said in a BSE filing.

Total income stood at Rs. 8,175.40 crore during the quarter under review. It was Rs. 6,858.46 crore in the corresponding quarter of the last fiscal.

Total expenses stood at Rs. 7,536.53 crore.

According to Ultratech, the result is not comparable as the third quarter includes the cement plants of Jaiprakash Associates and Jaypee Cement Corporation which it had acquired last year.

Variable costs rise

“The quarter witnessed increase in variable costs attributable to rise in pet coke and coal prices. The ban on pet coke usage in some states also adversely impacted performance,” it said.

In the quarter, Ultratech’s domestic sales volume was at 15.1 million metric tonne (MMT). It was 11 MMT in third quarter of 2016-17.

Source: PTI