Ultratech Cement's Q3 net profit falls 38% to Rs 1,062 cr, revenue up 19.5%

Ultratech Cement, the country's largest cement maker, on Saturday reported a consolidated net profit of Rs 1,062.58 crore for the December quarter (Q3) of the ongoing financial year, down nearly 38 per cent from Rs 1,710.14 crore in the year-ago period.

Revenue from operations, however, rose 19.53 per cent to Rs 15,520.93 crore from Rs 12,984.93 crore in the corresponding period a year ago, its results showed.

While net profit missed Bloomberg consensus estimate of Rs 1,092 crore, revenue came in higher than analysts’ expectations of Rs 15,197 crore for the quarter under review. Sequentially, net profit rose