简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
India's UltraTech Cement posts 70% rise in Q2 profit on strong domestic demand
Sommario：BENGALURU, Oct 19 (Reuters) - Indias UltraTech Cement (ULTC.NS) on Thursday reported a 69.5% rise in
BENGALURU, Oct 19 (Reuters) - Indias UltraTech Cement (ULTC.NS) on Thursday reported a 69.5% rise in second-quarter profit, boosted by higher demand in the infrastructure and real estate segment.
The company reported a consolidated net profit of 12.81 billion rupees ($153.8 million) for the quarter ended Sept. 30, while revenue grew 15.3% to 160.12 billion rupees.
The company earlier this month reported a 15% year-on-year increase in Q2 domestic sales of grey cement at 25.24 million metric tons.
Meanwhile, the companys costs rose 12% led by rise in cost of materials consumed along with freight and forwarding expenses.
Analysts at Nomura said they expect Indias cement industry to report 12%-14% year-on-year volume growth in the second-quarter, led by a strong recovery in early-August and September 2023, and lower base effect.
($1 = 83.2775 Indian rupees)
Disclaimer:
Le opinioni di questo articolo rappresentano solo le opinioni personali dell’autore e non costituiscono consulenza in materia di investimenti per questa piattaforma. La piattaforma non garantisce l’accuratezza, la completezza e la tempestività delle informazioni relative all’articolo, né è responsabile delle perdite causate dall’uso o dall’affidamento delle informazioni relative all’articolo.
WikiFX Trader
GO MARKETS
FP Markets
Vantage
EC Markets
Tickmill
IC Markets Global
GO MARKETS
FP Markets
Vantage
EC Markets
Tickmill
IC Markets Global
WikiFX Trader
GO MARKETS
FP Markets
Vantage
EC Markets
Tickmill
IC Markets Global
GO MARKETS
FP Markets
Vantage
EC Markets
Tickmill
IC Markets Global
Rate Calc
