UltraTech Cement Q2 Profit Down: Rs 825.18 cr

New Delhi, Oct 21 (PTI) UltraTech Cement Ltd on Monday reported a consolidated net profit of Rs 825.18 crore for the September quarter.

The leading cement maker posted a consolidated net profit of Rs 1,280.38 crore in the July-September period a year ago, the Aditya Birla group flagship firm said in a regulatory filing.

According to the company, due to the acquisition of an additional stake increasing its shares to 54.79 per cent in UAE-based Ras Al Khalmah Co. for White Cement & Construction Materials P.S.C. (RAKW), its results are not comparable to the preceding year's corresponding period.

"Consequently, RAKW has become a subsidiary of UCMEIL with effect from 10/07/2024. The above results include the financial results for RAKW w.e.f. 10/07/2024 and hence the figures for the three months and six months ended 30/09/2024 are not comparable with the previous corresponding periods," it said.

Its revenue from operations was Rs 15,634.73 crore during the period. It was Rs 16,012.13 crore in the corresponding period a year ago.

The company's total expenses stood at Rs 14,837.44 crore in the September quarter.

Its total income, which includes other income, was Rs 15,855.46 crore.

Shares of UltraTech Cement were trading 1.69 per cent lower at Rs 10,873.75 apiece on the BSE.