Ultratech Cement Rises 2% On Doubling In Q3 Net Profit

0
83

Ultratech Cement shares rose more than 2 per cent on the BSE after the cement producer’s net profit more than doubled in the quarter ended December 31, 2020. Aditya Birla group’s UltraTech Cement on Saturday, January 23, reported over two-fold jump in consolidated net profit to ₹ 1,584.58 crore in the third quarter of the financial year. At 9:55 am. the shares of Ultratech Cement were trading at ₹ 5650, higher by ₹ 119.80 or 2.17 per cent on the BSE.

The leading cement producer had reported a net profit of ₹ 711.17 crore in the year-ago period, UltraTech Cement said in a BSE regulatory filing. The company’s revenue from operations stood at ₹ 12,254.12 crore, up 17.38 per cent, during the October-December quarter under review compared to ₹ 10,439.34 crore in the corresponding period of the last fiscal year.

READ  S&P Retains India's Forecast At 9% Contraction For 2020-21