UltraTech Cement's Profit Dips Amid Acquisition Impact

UltraTech Cement Ltd reported a lower consolidated net profit of Rs 825.18 crore for the September quarter, compared to Rs 1,280.38 crore in the same period last year. The company's recent acquisition in the UAE impacts this year's comparability. Currently, shares are trading lower on the BSE.

UltraTech Cement Ltd has announced a significant decrease in its consolidated net profit, reporting Rs 825.18 crore for the September quarter. This marks a decline from the Rs 1,280.38 crore recorded in the same quarter of the previous year.

The cement manufacturer's recent strategic move to acquire an additional stake, raising its ownership to 54.79% in the UAE's Ras Al Khalmah Co. for White Cement & Construction Materials P.S.C. (RAKW), has altered its financial landscape. As a result, the comparisons with previous periods are not direct equivalents.

UltraTech's revenue from operations stood at Rs 15,634.73 crore, slightly down from Rs 16,012.13 crore in the earlier year. Despite these changes, the company's total expenses in the same period amounted to Rs 14,837.44 crore, with shares trading 1.69% lower on the BSE.

(With inputs from agencies.)