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Q3 Results: UltraTech Cement’s Profit Misses Estimates, Margin Contracts

UltraTech Cement’s profit rose 6.5 percent on a yearly basis to Rs 449 crore in the December quarter.

Anirudh Saligrama
A view of Ultratech ready mix concrete plant (Photographer: Adam Ferguson/Bloomberg)

UltraTech Cement Ltd.’s quarterly profit rose but missed analyst estimates.

Shares of cement maker fell as much as 2 percent after the earnings announcement compared with a flat NSE Nifty 50 Index.

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