UltraTech Cement’s consolidated Q1 net profit up 15%

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Mumbai, July 18 (IANS) Aditya Birla group company UltraTech Cement on Tuesday reported a rise of 15 per cent in its consolidated net profit for the April-June quarter of 2017-18.

According to the company, its net profit rose to Rs 897 crore from Rs. 780 crore reported for the corresponding quarter of last fiscal.

Besides, the company’s consolidated net sales rose to Rs 6,938 crore for the quarter under review as compared to Rs 6,535 crore earned during the corresponding period of the previous year.

“This quarter also witnessed increasing cost trends, primarily attributable to energy and logistics cost on account of increase in fuel prices,” UltraTech Cement said in a statement.

“The company completed the acquisition of the cement plants of Jaiprakash Associates and Jaypee Cement Corporation…with a capacity of 21.2 million tons. With this acquisition the cement capacity of the company stands at 93 mtpa.”

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