UltraTech Cement Q3 net profit more than doubles to Rs 1,584 crore

Increased sales on pick-up in demand helped strengthen bottomline

UltraTech Cement's consolidated net profit more than doubled to Rs 1,584 crore in the December quarter compared to the same period last year on the back of increased sales.
 

In the December quarter last year, the Aditya Birla Group company had reported a bottom-line of Rs 711 crore.
 

Net sales of the company stood at Rs 12,254 crore in the period under review, up 17 per cent from the corresponding period last year fuelled by quicker demand stabilisation, supply-side restoration and greater cost efficiencies.
 

"While rural and semi-urban housing continue to drive growth, pick-up in government led infrastructure aided incremental