UltraTech Cement posts 23% YoY fall in Q3 PAT
ETMarkets.com|
Updated: Jan 18, 2018, 02.35 PM IST
UltraTech Cement on Thursday announced an annual 23.36 per cent decline in consolidated net profit at Rs 456 crore for the quarter through December.
This compares with a net profit of Rs 595 crore in the same quarter of the previous year.
The period under review saw an increase in variable costs attributable to hardening of prices in pet coke and coal. The ban on pet coke usage in some states also adversely impacted the performance.
However, consolidated net sales of the company went up 33.23 per cent year-on-year to Rs 7,897 crore in Q3 2017-18, from Rs 5,927 crore in the same period last year.
Consolidated PBIDT jumped 16.72 per cent year-on-year to Rs 1,494 crore during the quarter under review.
The stock was down 2.66 per cent at Rs 4,444 around 1.35 pm (IST).
This compares with a net profit of Rs 595 crore in the same quarter of the previous year.
The period under review saw an increase in variable costs attributable to hardening of prices in pet coke and coal. The ban on pet coke usage in some states also adversely impacted the performance.
However, consolidated net sales of the company went up 33.23 per cent year-on-year to Rs 7,897 crore in Q3 2017-18, from Rs 5,927 crore in the same period last year.
Consolidated PBIDT jumped 16.72 per cent year-on-year to Rs 1,494 crore during the quarter under review.
The stock was down 2.66 per cent at Rs 4,444 around 1.35 pm (IST).
