Ultratech Q2 net up 46 pc at Rs 186 crore

MUMBAI: Aditya Birla Group company Ultratech Cement on Saturday recorded 46 per cent jump in net profit at Rs 186 crore for the quarter ended September 30 against Rs 127 crore during the same quarter last fiscal.

Net sales of the company also went up by 17 per cent to Rs 1,173 crore during the reporting quarter against Rs 1,005 crore during the quarter corresponding September quarter last year, Ultratech Cement said in a release.

During the quarter, the company produced 3.34 million tonne of cement compared to three million tonne in the same quarter last fiscal.

Domestic sales went up by 12 per cent during the quarter ended September 30, against 2.8 million tonnes in the same quarter previous fiscal.

"Exports were curtailed to cater to the domestic market," it said without disclosing the figure.

Public shareholding in the company stands at 45.96 per cent as on September 30, 2007 compared to 47.36 per cent in the same quarter last fiscal.