UltraTech Cement shares down 2% afer fall in earnings

Shares in UltraTech Cement fell 2 percent after the cement maker reported a 3 percent fall in October-December net profit at Rs 600 crore on Saturday.

UltraTech continues to struggle with capacity utilization and no volume growth, Kotak Securities said in a note, even as market consensus is for higher volumes growth from expanded capacities in the sector by fiscal 2014.

Other cement players fall: ACC declines 1.35 percent, Ambuja Cements retreats 2 percent. Reuters

Other cement players fall: ACC declines 1.35 percent, Ambuja Cements retreats 2 percent.

Cement makers have been hit by concerns about rising operating costs as the government last week said bulk buyers would pay market rates for diesel.

Reuters


Updated Date: Dec 20, 2014 21:02 PM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent