India`s Ultratech Cement posts rise in Q1 profit on robust domestic demand

21/07/2023 2:24:08 PM | Source: Reuters

India`s Ultratech Cement posts rise in Q1 profit on robust domestic demand

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Ultratech Cement, India's top cement maker, reported a 6.6% rise in first-quarter profit on Friday, aided by strong domestic demand.

Consolidated net profit for the quarter ended June 30 came in at 16.88 billion rupees ($205.8 million), compared with 15.84 billion rupees a year earlier.

Analysts, on average, expected the company to report a profit of 16.33 billion rupees, according to Refinitiv data.

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India`s Ultratech Cement posts rise in Q1 profit on robust domestic demand

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