Despite posting an 18% rise in revenues to Rs 1631 crore for the quarter ended December 31, 2008, Aditya Birla Group company, Ultratech Cements Ltd saw a 14.7% decline in net profit at Rs 238 crore, compared with Rs 279 crore in the corresponding period a year ago.
The company's profit before interest, depreciation and taxed (PBIDT) declined 7.95% at Rs 451 crore. The company's PBIDT was Rs 490 crore in the year-ago period.
However, the company's cash proft remained flat at Rs 358 crore (Rs 353 crore), Ultratech said in a filing to the Bombay Stock Exchange.
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Ultratech added that it had produced 3.98 million metric tonnes (MMT) of cement in the quarter under consideration against 3.60 MMT in the year-ago period, registering a growth of 11% year-on-year.
While domestic cement sales in volume terms were 12% higher at 3.80 MMT, exports were down a 12.65% at 0.69 MMT. However, overall sales volume rose 6% from 4.32 MMT in Q3 of 2007-08, to 4.57 MMT during the quarter under review.
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