India's largest cement manufacturer UltraTech Cement reported a 36 per cent fall in net profit for the quarter ended September (Q2FY25) on account of lower revenue from operations.
For the quarter under review, UltraTech's net profit attributable to owners of the company stood at ₹820 crore.
Earnings of the company fell, as revenue during the same period was down 2.4 per cent to ₹15,634.73 crore.
In a Bloomberg poll, 16 analysts estimated a revenue of ₹15,711 crore and 18 analysts estimated a net income adjusted of ₹1,032 crore. UltraTech met revenue expectations, but missed that for profits.
This story is from the October 22, 2024 edition of Business Standard.
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This story is from the October 22, 2024 edition of Business Standard.
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