UltraTech Cement - January 2014

Higher costs and unexpectedly low demand have been blamed for a 38.43 per cent fall in net profit in 4Q13 for UltraTech Cement, India’s leading cement producer. Domestic cement and clinker sales came in at 9.7Mt, down from 9.94Mt in the same period last year. Total expenses were up five per cent due to higher freight costs, which alone rose by six per cent, and the increased cost of diesel, resulting in EBITDA coming in below expectations at INR7.96bn.

To continue reading this story and have 100% free access to the CemNet.com website, please Register for a subscription to International Cement Review or Login