Aditya Birla Group company UltraTech Cement today reported 38% on-year drop in its consolidated net profit at Rs 1,058.20 crore in the December quarter. Its revenue from operations, however, rose 19.5% YoY to Rs 15,520.93 crore. The company’s operating margin dropped to 15% in Q3 from 19% in the year-ago period but was up 100 bps sequentially. Volume growth was strong during the quarter but cost pressures resulted in subdued margins.
