UltraTech Cement Q1 falls to Rs 591.13 crore

Mumbai, July 20 (IANS) Despite a rise in its net revenue, UltraTech Cement saw a fall in its net profit during the first quarter of the ongoing fiscal to Rs.591.13 crore against Rs. 626.92 crore in the corresponding timeframe last year.

Its consolidated earnings, however, increased by 4.26 percent at Rs.6,513.77 crore in the quarter as compared to Rs.6,247.21 crore during the same period last year.Like the rise in consolidated revenue, the standalone revenue too rose to Rs.6,197.42 crore – a rise of 4.95 percent – against Rs.5,905.20 crore last year. Standalone net profit however declined to Rs.590.79 crore from Rs.625.57 crore.

In a statement to the Bombay Stock Exchange, the company said on account of the acquisition of Gujarat units of Jaypee Cement Corporation Limited which came into effect from June 2014, the figures for the three months ended June 30, 2015 are strictly not comparable with previous corresponding period.

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