UltraTech reports rise in net sales

UltraTech Cement Ltd has announced that its net profit decreased by 25 per cent YoY to INR4.21bn (US$65.98m) in the October-December quarter of 2017.

However, net sales of the company rose 35 per cent to INR75.8bn in the same period, according to Bloomberg. EBITDA increased by 13.9 per cent to INR12.6bn in the 3QFY18, when compared to the corresponding period of the previous financial year.

"The quarter witnessed an increase in variable costs attributable to the rise in pet coke and coal prices. The ban on pet coke in some states also adversely impacted performance," said a representative of UltraTech in its exchange filing.