UltraTech Cement Posts Flat Profit Despite Revenue Increase in June Quarter

UltraTech Cement Ltd reported flat growth in consolidated net profit at Rs 1,696.59 crore for the June quarter due to lower sales realisation and a slight increase in raw material prices. Despite this, the company saw a marginal increase in revenue and continued its expansion plans.

UltraTech Cement Ltd reported flat growth in consolidated net profit at Rs 1,696.59 crore for the June quarter, citing lower sales realisation and a marginal rise in raw material prices as key factors.

The cement giant, part of the Aditya Birla group, had posted a consolidated net profit of Rs 1,688.45 crore during the same period last year, according to a regulatory filing on Friday.

Despite these challenges, UltraTech's revenue from operations increased by 1.87 per cent to Rs 18,069.56 crore. The company also noted a 7 per cent increase in consolidated volume sales.

(With inputs from agencies.)