UltraTech Q3 net up 7.8% YoY at Rs 1,708 cr on tax credits, better sales

UltraTech Cement reported a consolidated net profit of Rs 1,708 crore in the December quarter, up 7.8 percent from corresponding period last year on the back of tax credits and marginal increase in net sales.

Net sales of the Aditya Birla Group company stood at Rs 12,985 crore in the period under review, up 5.8 percent from last year.

As per Bloomberg estimates, the company’s top line was seen at Rs 12,985 crore, while the bottom line was expected to be at Rs 1,494 crore in quarter ended December.

The company’s profit before interest, depreciation and taxes stood at Rs