UltraTech Cement has soared 5.4% to Rs 1,280, its all-time high, after reporting a healthy 93% year-on-year (y-o-y) growth in net profit at Rs 617 crore for the third quarter ended December 2011, compared with a net profit of Rs 319 crore in the year-ago period.
Net sales rose 23% to Rs 4,572 crore from Rs 3,715 crore in the year-ago period, the Aditya Birla group company said in a filing to the stock exchanges.
The quarter witnessed improved demand growth of around 10% on account of a lower base effect in the corresponding period of the previous year. Demand is likely to grow around 8%.
However, the surplus scenario is likely to continue over the next 3 years. At the same time, growing input costs will result in a squeeze in margins, it added.
A combined 54,382 shares have changed hands on the counter so far on the NSE and BSE.
