UltraTech profit falls 13.7 percent on higher costs

NEW DELHI: Aditya-Birla group firm UltraTech Cement on Thursday reported a 13.7 per cent drop in net profit, dented by. The cement maker posted a consolidated net profit of Rs 390.43 crore for the third quarter ended December 2018 as against Rs 456.66 crore in the October-December quarter of the last financial year. The cement maker’s total income was at Rs 9,492.94 crore during the quarter under review. It was Rs 8,056.54 crore in the corresponding quarter a year ago. “Domestic sales volume jumped 15 per cent over Q3FY18,” said UltraTech Cement.