Tuesday, January 26News That Matters

Tag: UltraTech

UltraTech Cement Q2 takeaways: Stable rural demand, value lowering helps bottomline

NEW DELHI: Thanks to a greater earnings, decrease costs and court cases from sale of belongings, UltraTech Cement managed to double its win earnings at some level of the September quarter as demand returned. The firm stunned the Freeway with its bottomline and in addition saved its running margin at a sturdy level. The firm also sees demand for cement to surge and believes it could possibly possibly be a wide beneficiary of that. Listed below are key takeaways from the earnings: How great did the firm invent?The cement maker reported a 113 per cent leap in its win earnings at Rs 1,234 crore. Receive sales rose 7.8 per cent to Rs 10,231 crore, from Rs 9,486 crore. It reported sturdy running margins at 27 per cent, pushed by each earnings mumble and tight value management. What became the ...