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UltraTech Cement Beats Quarterly Profit Estimates

India's largest cement maker reported a 20.2% rise in quarterly profit to 29.83 billion rupees today. Results exceeded analyst views due to strong construction demand.

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Insights:

ULTRATECH CEMENT LTD, the largest cement producer in India by capacity, has exceeded market expectations with its fourth-quarter financial results. The company reported a significant rise in earnings, attributed to a surge in construction demand supported by favorable weather conditions across the subcontinent.

A technician maintains an UltraTech Cement testing vehicle stationed at a retail outlet in Ahmedabad. REUTERS/Amit Dave
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