Impacted by higher raw material and logistics costs, Ultratech Cement’s third quarter net profit dipped marginally to Rs 601 crore from Rs 617 crore in the same quarter last year.
Net sales increased to Rs 4,857 crore in Q3, compared with Rs 4,565 crore in the corresponding period in 2011-12, Unitech said in a statement on Saturday. "On the cost front, year-on-year, raw materials and logistics cost were mainly impacted due to increase in railway freight and hike in diesel prices," it said. "Energy cost, that is the cost of imported coal, remained at Rs 100 a tonne. The benefit of softening in coal prices was partly offset by the depreciation in rupee," it added.
