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UltraTech Cement trades firm on strong operational performance in Q2

The company's consolidated net profit more than doubled at Rs 1,234 crore in Q2FY21, against Rs 579 crore in Q2FY20.

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Workers walk in front of an UltraTech concrete mixture truck at the construction site of a commercial complex on the outskirts of the western Indian city of Ahmedabad | Photo: Reuters

SI Reporter Mumbai

2 min read Last Updated : Oct 21 2020 | 3:05 PM IST

Shares of UltraTech Cement moved higher by 2 per cent to Rs 4,636 on the BSE on Wednesday, after the company reported robust operating margins at 27 per cent in July-September quarter (Q2FY21), driven by both revenue growth and cost management.

The stock has rebounded 4.4 per cent from its intra-day low of Rs 4,440 on the BSE. In comparison, the S&P BSE Sensex was trading flat at 40,553 points at 02:56 pm.

UltraTech’s consolidated net profit more than doubled at Rs 1,234 crore in Q2FY21, as against Rs 579 crore in Q2FY20. Net sales however, grew a

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