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Business EconomyPosted at: Oct 18 2017 3:55PM


UltraTech Cement Standalone Q2 net falls by 28.25 percent

Mumbai, Oct 18 (UNI) Cement major,UltraTech Cement reported 28.25 percent fall in its Stanalone net profit for the quarter ended September 20, 2017 at Rs 431.20 crore against Rs 601 crore posted during the same period last year.
The company’s revenues rose 6.05 percent at Rs 6,571 crore against Rs 6,196 crore in the September quarter of 2016, company said in filing with BSE.
On the operating front, its earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 17 percent at Rs 1,351 crore against Rs 1,155 crore year on year. Meanwhile, the operating margin came in at 20.6 percent against 18.6 percent year on year.
Company also informed that the Board approved an investment of Rs 194 crore to set up wall care puttly plant to meet rising demand for the product. It shall be commissioned during the second quarter of FY20.
UNI JS SM1524
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Tags: #UltraTech Cement Standalone Q2 net falls by 28.25 percent
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