MUMBAI (Reuters) - Shares in UltraTech Cement Ltd slumped as much as 4.76 percent on Monday after the country's largest cement maker posted a 52 percent fall in net profit for the July-September quarter.
The company reported on Saturday net profit of 2.6 billion rupees for the quarter ended September 30, falling short of market estimates of 4.1 billion rupees, according to Thomson Reuters I/B/E/S.
Rising input and energy costs have been putting pressure on margins at Indian cement companies, while demand remains a concern in an economy that is growing at its slowest pace in a decade.
(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
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