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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.
CareEdge Ratings anticipates a budgetary allocation of around Rs 3 lakh crore for the railway sector in Union Budget 2024-25, reflecting a 25 percent increase from the previous year
The growth in AUMs were also aided by a 29.1 percent on year jump in disbursement in Q3to top the Rs 1,000 crore-mark for the first time.
The company's flagship wires and cable business also recorded a 18 percent on year jump in revenue on the back of strong volume growth.
Shares of Shree Marutinandan Tubes Ltd listed at 46 percent premium after its initial public offering subscribed over 47 times last week.