According to the company, its consolidated net profit declined to Rs 423 crore from Rs 614 crore reported for the corresponding quarter of last fiscal due to increased depreciation and higher interest cost relating to "the acquired cement plants".
"This quarter continued to witness increasing cost trends, attributable to increase in fuel prices," the company said in a BSE filing.
On a standalone basis, UltraTech Cement's profit after tax decreased by 28.28 per cent to Rs 431 crore for the quarter under review from Rs 601 crore reported for the corresponding quarter of last fiscal.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.