India's UltraTech Cement misses profit estimates
19/10/2026 09:23
India's UltraTech Cement misses profit estimates Oct 19 (Reuters) - UltraTech Cement ULTC.NS, India's largest cement producer by capacity, reported a smaller-than-expected rise in second-quarter profit on Monday, as higher raw material costs weighed despite strong growth in volumes.
Consolidated net profit rose 21.3% year-on-year to 14.94 billion rupees ($157.4 million) for the three months ended September 30, below analysts' expectation of 17.05 billion rupees, per data compiled by LSEG.
($1 = 94.9300 Indian rupees)
(Reporting by Vijay Malkar in Bengaluru; Editing by Ronojoy Mazumdar)
((VijayDattaram.Malkar@thomsonreuters.com; +91 8097833031;))
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