UltraTech Cement, an Aditya Birla group company, has reported marginal increase in the December quarter net profit at ₹400 crore (₹395 crore) on higher output.
Net income in the December quarter was up at ₹5,835 crore against ₹5,137 crore recorded in the same period last year. The company's cement output increased to 10.98 million tonnes from 9.98 mt as it completed acquisition of JP Cement's Gujarat unit in June.
Cement prices witnessed a downtrend across region leading to lower realisation despite higher output, said the company. However, it added, the ongoing cost optimisation measures helped contain cost, despite the continuing increase in price of input material and logistics cost.
Despite fall in fuel prices, power and fuel cost of the company increased to ₹1,308 crore (₹1,107 crore) as output during the quarter increased.
On a standalone basis, the net profit is down two per cent at ₹364 crore (₹370 crore), while income increased to ₹5,601 crore (₹4,815 crore).
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