New Delhi :  Ultratech Cement reported a 38.43 per cent dip in net profit for the October-December quarter at Rs 370 crore due to subdued selling price of building material amidst poor demands.

The Aditya Birla Group’s flagship firm had clocked Rs 601 crore net profit in the corresponding quarter of last fiscal, it said in a release on Monday.

“The results for the quarter have been impacted mainly on account of lower selling prices due to the subdued demand. However, on-going cost optimisation measures have helped in containing costs despite the continuing increase in input and logistics costs,” it said.

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