India's JK Lakshmi Cement reports 69% jump in Q3 profit
India's JK Lakshmi Cement reported a 69% rise in third-quarter profit on Thursday on healthy demand and higher prices....
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India's JK Lakshmi Cement reported a 69% rise in third-quarter profit on Thursday on healthy demand and higher prices....
L&T, India's largest engineering, procurement and construction company, will stand to benefit if the finance minister announces another big bang capex spend for FY25 budget
Ultratech Cement, part of the Aditya Birla Group, reported a 68% on-year increase in net profit for the October-December quarter at Rs 1,777 crore on the back of higher volume and lower costs. Revenue rose 8% on-year to Rs 16,740 crore.
Analysts expected the company to report a net profit of Rs 1,714.19 crore for the October-December quarter, according to estimates from seven brokerages collated by Moneycontrol.
UltraTech Cement said its domestic grey cement sales volume rose 5 per cent YoY and 1 per cent QoQ, respectively. Improved operational efficiencies, coupled with lower fuel and raw material costs resulted in improved Ebitda margins, it said.