Sharp reduction in debt gives UltraTech an edge over peers
UltraTech Cement saved ₹780 cr in working capital needs, which helped the company pare debt in Q3
UltraTech Cement Ltd has put up an impressive earnings show for the December quarter. Robust volume growth of 14% year-on-year (y-o-y) to 23.9 million tonnes exceeded analysts’ estimates by a mile. Volumes were aided by improved demand from government projects and the real estate sector.
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