UltraTech Cement - October 2013
UltraTech Cement’s performance in 3Q13 has fallen well below expectations with net profits tumbling 52 per cent YoY to INR2.6bn (US$42m). This marks the biggest drop in profit for the company since 2010. Rising input and energy costs have been blamed for putting pressure on margins for many of India’s cement companies. Low demand also remains a concern in an economy that is growing at its slowest pace for a decade.