Shares of UltraTech Cement dipped 3 per cent to Rs 7,663.50 on the BSE in Tuesday’s intra-day trade, erasing the entire previous day’s gain as the company reported a weak operational performance for October-December quarter (Q3FY22) on account of higher cost pressure and weak demand owing to unseasonal rains and festive season. The stock of cement major corrected 7 per cent from its record high level of Rs 8,267 hit on November 8, 2021.
In Q3FY22, UltraTech’s revenues were up 5.4 per cent at Rs 12,471 crore year on year (YoY) led by higher realisations while earnings before interest,
In Q3FY22, UltraTech’s revenues were up 5.4 per cent at Rs 12,471 crore year on year (YoY) led by higher realisations while earnings before interest,