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UltraTech Cement, a subsidiary of Grasim, manufactures and markets portland cement and ready mix concrete, disclosed a drop in standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company declined 11.66% to Rs 1,641.90 million from Rs 1,858.60 million in the same quarter last year.
Net sales for the quarter rose 20.75% to Rs 14,168.90 million, while total income for the quarter rose 18.75% to Rs 14,240.40 million, when compared with the prior year period.
The company reported earnings of Rs 13.19 a share during the quarter, registering 11.65% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at |
Sep - 08 |
Sep - 07 |
%Change |
| Net Sales |
14,168.90 |
11,734.10 |
20.75 |
| Net Profit |
1,641.90 |
1,858.60 |
(11.66) |
| Basic EPS |
13.19 |
14.93 |
(11.65) |
Interest cost increased 64.61% to Rs 308.80 million while depreciation cost rose 39.12% to Rs 807.60 million over previous year period.
Shares of the company declined Rs 22.1, or 5.55%, to end at Rs 376. The total volume of shares traded was 7,368 at the BSE (Friday).
UltraTech Cement Limited (Q,N,C,F)*
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