ULTRATECH CEMENT LIMITED UltraTech Cement Ltd.'s second-quarter net profit more than doubled from a year earlier, as the company trimmed operating expenses and booked higher sales.
Net profit for the quarter ended September came in at 12.34 billion rupees ($168.0 million), up from INR5.79 billion a year ago, UltraTech said Wednesday.
Total income rose 7.4% to INR104.89 billion.
UltraTech said it expects demand for cement to grow on the back of a government drive on infrastructure and the expanding rural economy.
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(END) Dow Jones Newswires
10-21-20 0550ET
