UltraTech shares erase losses, jump 5% post Q4 results
UltraTech's standalone profit more than doubled to Rs 1,017 crore in Q4.
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.