India's UltraTech Cement Q1 profit beats estimates

Jaiprakash Associates

18/07/2018 09:51

July 18 (Reuters) - India's UltraTech Cement Ltd  ULTC.NS 
on Wednesday reported a first-quarter net profit of 5.98 billion
rupees ($87.15 million), beating street estimates.
    Analysts on average were expecting the country's largest
cement manufacturer to post a profit of 5.58 billion rupees,
according to Thomson Reuters data.
    As standalone results include financial results of some
cement plants acquired from Jaiprakash Associates Ltd  JAIA.NS 
and Jaypee Cement Corp last year, the reported figures are not
comparable with the year-ago period, the company http://bit.ly/2utjinI
 said. 
    Revenue from operations stood at 86.55 billion rupees.
($1 = 68.6200 Indian rupees)

 (Reporting by Sharnya G and Arnab Paul in Bengaluru; Editing by
Sunil Nair)
 ((Sharnya.G@thomsonreuters.com; +91 806749 1480; Reuters
Messaging: sharnya.g.thomsonreuters.com@reuters.net))