Fierce competition eats into UltraTech’s second-quarter net profit

Fierce competition eats into UltraTech's second-quarter net profit

2024-10-21 20:09:55 : MUMBAI: Fierce competition in India’s cement industry has eroded profits at the country’s largest construction materials maker, with UltraTech Cement’s profits falling by more than a third in July-September. The company reported consolidated profit of $8.2 billion, down 36% year-on-year. Comprehensive revenue fell 2% $15,635 Crores. This was despite its consolidated sales … Read more