Corrected: UltraTech Cement's fourth-quarter profit falls 39 percent

Reuters 

(Corrects rise in third paragraph to 19 percent from 29 percent)

(Reuters) - UltraTech Cement Ltd, part of the Aditya Birla Group, posted a 38.5 percent fall in fourth-quarter profit on Wednesday, as higher expenses weighed.

Net profit fell to 4.46 billion rupees ($66.80 million) for the quarter ended March 31, from 7.26 billion rupees a year ago, the company said https://

Revenue from operations rose about 19 percent to 94.21 billion rupees.

($1 = 66.7675 Indian rupees)

(Reporting by Tanvi Mehta in Bengaluru; Editing by Biju Dwarakanath)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 25 2018. 15:29 IST