UltraTech posts 36% fall in quarterly profit, India

UltraTech posts 36% fall in quarterly profit, India
Published: 25 January 2011

UltraTech Cement Ltd, India’s largest cement maker by capacity, Tuesday posted a 36% fall in its third-quarter net profit.

Net profit for the three months through December dropped to INR3.19bn (US$69.9m) from INR4.99bn a year earlier.

Sales rose nearly 1% to INR37.15bn from INR36.82bn.

The year earlier results include the numbers of Samruddhi Cement Ltd, which was merged with UltraTech in August 2010.