Ultratech Cement has registered a growth of 16 per cent in its revenues and a small drop of 3 per cent in its profit after tax for the year ended March 2009, which posed lot of challenges for the India Inc.
Performance for the quarter ended March 2009 stood even strong as the net income was up by 16 per cent at Rs 1,860 crore and net profit for the quarter grew by 9 per cent at Rs 309 crore from Rs 283 crore in the quarter ended March 2008.
The company saw its net income grow at 6,383 crore from Rs 5,533 crore in the fiscal 2008.
The net profit stood at Rs 977 crore, down from Rs 1,003 crore in fiscal 2008.
The company attributes the benefit to the expanded capacity which stands at 21.9 million TPA and a growth in the retail housing, which came as a result of the good monsoon, impact of the loan waiver scheme and the 6th Pay Commission Revision.