UltraTech Cement has disclosed a phenomenal jump in net profits for the quarter ending in March 2006. During the quarter, the company witnessed a 1549.80 per cent rise in profits from Rs49.40m to Rs. 815m. Sales for the quarter rose 40.85 per cent to Rs. 10,223.60m compared with the corresponding quarter, a year ago.
Operating margins improved to 13.39 per cent during the quarter, a rise of 548.44 basis points compared with the corresponding quarter. Net margins, on the other hand, rose from 0.68 per cent to 7.92 per cent during the quarter.