UltraTech Cement's 21% Q2 net profit rise signals strong earnings growth.
Context
What happened: UltraTech Cement reported a 21% year-on-year rise in consolidated net profit for the September quarter, helped by domestic grey cement volume growth.
Key numbers: Net profit ₹1,501 crore, up 21% on year. Consolidated sales ₹23,295 crore, up nearly 19%. Domestic grey cement volumes 35.94 mt, up nearly 14%. Profit before interest, depreciation and tax ₹3,832 crore, up more than 17%.
Why it matters: The company attributed the profit growth to higher domestic grey cement volumes and stronger consolidated sales, which also lifted profit before interest, depreciation and tax.