UltraTech Cement June quarter profit down 36 per cent to Rs 806 cr

UltraTech Cement on Tuesday reported 36 per cent fall in its net profit for the April to June quarter at Rs 806 crore as compared to Rs 1,267 crore in the corresponding quarter of last year.

Revenue fell by 33 per cent to Rs 7,290 crore from Rs 10,851 crore in the same period. The cement manufacturer said it achieved 60 per cent capacity utilisation in first 68 operating days since the national lockdown.

"In the available 68 operating days during this quarter, the company kept a tight control on costs and cash flow, and achieved an effective capacity utilisation