 "Jaypee acquisition takes toll on UltraTech's Q2; net down 31%")
UltraTech Cement, India's largest cement maker with a capacity of 93 million tonnes, has delivered a weak set of numbers for the July-September quarter as it is in the process of completing one of country's biggest acquisitions - Jaypee Cement's 21.2 million tonne unit. Higher depreciation and interest cost related to acquired units dented UltraTech's profitability during the period, which is the first operating quarter post acquisition.
The Aditya Birla group firm posted a decline of 31 per cent in consolidated net profit at Rs 423 crore from Rs 614 crore a year ago. Its consolidated net sales, however, rose to
