UltraTech Cement Q2 Results: Profit slides 42% YoY to Rs 756 crore despite growth in sales
The sharp fall in the net profit was due to higher costs and weak profitability. The cement major’s consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter dropped more than 31% YoY to Rs 1,866.64 crore. Operating margin shrunk by a whopping 914 basis points to 13.4%.
