India's UltraTech Cement falls after quarterly profit misses estimates
19/10/2026 09:49
BUZZ-India's UltraTech Cement falls after quarterly profit misses estimates ** Shares of India's UltraTech Cement ULTC.NS fall 2.31% to 10,660 rupees
** Stock on track to snap four sessions of gains, if trend holds
** India's largest cement producer by capacity reported 21.3% y/y rise in Q2 profit to 14.94 billion rupees ($157.36 million), below analysts' expectation of 17.05 billion rupees
** Co's September quarter revenue rose 18.8% y/y to 232.95 billion rupees, while total expenses jumped 17.8% year-on-year
** ULTC rated "buy" on average by 37 analysts, median PT at 19,980 rupees -- LSEG-compiled data
** YTD stock down 9.25%
($1 = 94.9425 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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