UltraTech Cement, has reported an annual 23.36% decrease in consolidated net profit at Rs.456 crore for the December quarter. Last year in the corresponding quarter it had reported a net profit of Rs.595 crore.

The consolidated net sales of the company increased 33.23% YoY to Rs.7,897 crore in the December quarter, from Rs.5,927 crore in the same period previous year. Consolidated PBIDT increased 16.72% YoY to Rs.1,494 crore during the December quarter.

Furthermore, this quarter saw a rise in variable costs that led to hardening of prices in pet coke and coal. The ban on pet coke usage in some states also adversely effected the performance.

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