Aditya Birla Group-owned Ultratech Cement’s net profit fell by 42.09 per cent in the second quarter of the current financial year.
In this regard, the statement issued by the company said: The company earned a net profit of Rs 1,310.34 crore during the period from July to September last year.
Meanwhile, the company’s net profit for the same months of the current year is Rs.758.70 crore. This is 42.09 percent less than last year.
As a result of the increase in the company’s operating expenses due to inflation, the net profit has declined.
The company’s operating revenue stood at Rs 12,016.78 crore in the corresponding period last fiscal. It has now increased by 15.61 per cent to Rs 13,892.69 crore, the report said.
