UltraTech Cement - April 2014
UltraTech Cement has reported a 15 per cent rise in net profit of US$138m for the first quarter of 2014. This is due to tough cost control initiatives in the face of increasing pressure on input and logistics costs. While there was some relief from the softening price of imported coal, the impact was negated by the depreciation of the Indian rupee. Combined cement and clinker sales came in at 41.47Mt for the quarter ending 31 March 2014. For the full year to the end of March, combined sales reached 12.8Mt, up nine per cent YoY.