Mumbai: Ultratech Cement, a Aditya Birla group firm, Monday reported a 14.71% decline in its net profit at Rs238.36 crore for the third quarter ended 31 December 2008.
The firm had a net profit of Rs279.49 crore in the December quarter of FY’08, Ultratech said in a filing to the Bombay Stock Exchange.
However, the total income of the firm rose 17.74% to Rs1,651.16 crore during the quarter under review, from Rs1,402.34 crore in the same period last fiscal.
During the nine months ended December 2008, Ultratech reported a 7.87% dip in its net profit at Rs667.66 crore, from Rs724.73 crore a year ago.
The total sales during the period rose 21.41% to Rs 4,622.95 crore over the corresponding period last year.
Shares of Ultratech were trading at Rs383, up 2.65% in the late afternoon trade on the BSE.