Mumbai, Jan. 24 -- India's largest cementmaker, UltraTech Cement Ltd, reported better-than-expected net profit for the December quarter, beating analyst estimates on the back of strong cement sales.
The consolidated net profit of the Aditya Birla Group's cement arm rose 27% year-on-year to Rs. Rs.1,725.40 crore, according to its exchange filings. The profit beat the Bloomberg consensus estimate of Rs.1,526 crore based on a poll of 21 analysts.
The Mumbai-headquartered cement maker's revenue from operations rose by 23% to Rs.21,829.68 crore during the quarter, compared with Rs.17,778.83 crore a year ago, supported by higher sales volumes and contributions from acquired businesses. The company's consolidated sales volumes stood at 38.87 m...
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