UltraTech Cement - October 2016

UltraTech Cement has recorded a 25 per cent increase in consolidated net profit in the quarter ending 30 September 2016. Profit rose to INR6.14bn (US$92.1m) versus INR4.9bn in the same period last year. This compares to analyst predictions of INR7bn. Earnings before interest, depreciation, taxation and amortisation increased by 16 per cent to INR13.7bn, up from INR11.8bn in the same period in 2015. Net sales, however, slipped from INR58.5bn to INR57bn, below analyst forecasts of INR63.2bn.

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