UltraTech Cement reported a net profit of Rs 1,281 crore for the quarter ended September 2023, a 69% increase compared to the same period last year. Revenue from operations also rose by 15% to Rs 16,012 crore. The company achieved a robust volume growth of 16% during the quarter, with domestic sales volume at 25.66 million tonnes. UltraTech is optimistic about the demand revival, especially during the festive season and the peak construction period in January-March. Its shares were trading 2.25% higher at Rs 8,464 on the NSE.
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