January 24, 2019 / 8:33 AM / a month ago

UltraTech Cement third-quarter profit slips on higher expenses

(Reuters) - India’s UltraTech Cement Ltd posted on Thursday a 13.7 percent drop in net profit, dented by higher expenses.

Net profit declined to 3.94 billion rupees ($55.30 million) for the quarter ended Dec. 31, 2018, from 4.56 billion rupees a year earlier, the company said.

Meanwhile, revenue from operations surged 18.9 percent to 93.90 billion rupees and domestic sales volume jumped 15 percent.

($1 = 71.2490 Indian rupees)

Reporting by Tanvi Mehta and Krishna V Kurup in Bengaluru, Editing by Sherry Jacob-Phillips

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below