Ultratech Cement on Saturday reported a 52 per cent dip in net profit for the July-September quarter at Rs 264 crore on account of lower selling price of the building material amid subdued demand.
The company, the largest cement maker in the country, had clocked a profit of Rs 550 crore in the July-September quarter of the last fiscal, it said in a statement. The results of the quarter have been impacted mainly on account of lower selling price and subdued demand.