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UltraTech shares erase losses, jump 5% post Q4 results

UltraTech's standalone profit more than doubled to Rs 1,017 crore in Q4.

ETMarkets.com|
Updated: Apr 24, 2019, 03.36 PM IST
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On a consolidated basis, profit stood at Rs 1,013 crore.
NEW DELHI: Shares of UltraTech Cement climbed over 5 per cent, erasing early losses after the company reported better-than-expected March quarter earnings numbers.

The company’s standalone profit more than doubled to Rs 1,017 crore in Q4 against Rs 488 crore in the year-ago period.

Analysts in an ET NOW poll had projected a net of Rs 820 crore.

Standalone net sales jumped 18 per cent to Rs 10,334 crore from Rs 8,750 crore in the year-ago quarter. Domestic sales volume for the quarter rose 16 per cent.

On a consolidated basis, profit stood at Rs 1,013 crore.

The shares of the company closed 5.51 per cent up at Rs 4435.45 on BSE.

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