Ultratech Cement on Monday reported 10 per cent rise in consolidated net profit to Rs 722.56 crore for the March quarter helped by higher infrastructure spending and decline in raw material, energy and logistic costs.
The flagship firm of the Aditya Birla group had clocked a net profit of Rs 657.20 crore in the year-ago period.
Consolidated net sales rose by 5 per cent to Rs 6,850.46 crore in January-March from Rs 6,516.52 crore in the same quarter of 2014-15, it said in a BSE filing.
The firm said "operating costs reduced with operational efficiencies, a judicious fuel mix and fall in fuel prices."
Domestic cement grew 15 per cent during Q4 2015-16, while grey cement sales stood at 13.20 million tonnes (MT) against 11.51 MT in Q4 2014-15.
White cement recorded sales of 13.12 lakh Tonnes (lT) as against 12.24 lT and wall-care putty posted sales of 3.85 lT against 3.52 lT during the quarter under review.
On acquisition deal with Jaiprakash Associates ltd (JAl), Ultratech said the acquisition of cement plants in Madhya Pradesh, Uttar Pradesh, Himachal Pradesh, Uttarakhand and Andhra Pradesh with a capacity of 21.20 MT per annum at Rs 15,900 crore (USD 107 per tonne) is expected to conclude in the next "12-13 months".