Ultratech Q2 down 31% to Rs 424 cr

UltraTech Cement Ltd reported 30.94 per cent decline in consolidated net profit to Rs 423.76 crore for the September quarter, 2017-18.
It had clocked net profit of Rs 613.64 crore in the July- September quarter of the last financial year, UltraTech said in a BSE filing.
The company's consolidated sales were up 6.35 per cent to Rs 7,091.34 crore during the quarter under review as against Rs 6,667.49 crore in the year-ago period.
"This quarter continued to witness increasing cost trends, attributable to increase in fuel price," UltraTech said in a statement.
UltraTech's total expenses was up 11.73 per cent to Rs 6,451.45 crore as against Rs 5,773.74 crore.

"Profit before interest, depreciation and tax at Rs 1,550 crore was higher by 13 per cent vis a vis Rs 1,378 crore in the corresponding period of the previous year," it said.

The company informed that the acquisition of the cement plants of Jaiprakash Associates Ltd and Jaypee Cement Corp Ltd has helped it augment capacity to 93 million metric tonne per annum.
"This acquisition will enhance the company's foot print into high growth market as Central India, Eastern UP and coastal Andhra Pradesh, where the company has been focusing to increase its presence," it said.
Ultratech stock was trading 0.46 per cent up at Rs 4,107.20 on BSE.