Ultratech Cement’s Q1 profit rises 6.6% on strong domestic demand
Analysts expected, on average, the company to report a profit of Rs 1,633 crore, according to Refinitiv data.
Ultratech Cement, India’s largest cement maker, reported a 6.6% increase in first-quarter profit on Friday, boosted by strong domestic demand.
Consolidated net profit for the quarter ended June 30 came in at Rs.1,688 crore ($205.8 million), compared to Rs.1,584 crore in the previous year.
Analysts expected, on average, the company to report a profit of Rs 1,633 crore, according to Refinitiv data.
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First published: July 21, 2023 | 2:46 p.m ist