UltraTech Cement on Monday said its net profit in the fourth quarter of 2015-16 rose by 10 percent, at Rs.723 crore, against Rs.657 crore in the corresponding period of 2014-15.
The company, in a regulatory filing, said its net sales in the fourth quarter increased by 5 percent to Rs.6,850 crore from Rs.6,517 crore in the year-ago period.
The group posted a net profit of Rs.2,286.58 crore for the year ended March 31, 2016 where as the same was at Rs.2,098.34 crore for the year ended March 31, 2015. Total income was Rs.25,770.12 crore for the year ended March 31, 2016 as against Rs.24,690.06 crore for the year ended March 31, 2015.
The company in its statement said the annual financial performance is not comparable with the previous year due to its acquisition of Jaiparakash Associates Ltd's Gujarat cement assets completed in June 2014.
--IANS
ag/vd
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app