Ultratech Cement, part of the Aditya Birla group, on Friday said its net profit increased by 14% in the first quarter of the financial year against the corresponding period last year.
This occured on the back of higher realisations and a jump in cement prices in the current period.
The company posted a net profit of Rs. 778.4 crore in the first quarter of the financial year ended June 30, 2012. The net profit in the same period in 2011 was Rs. 683.1 crore.
The company's total income increased from Rs. 44,156 crore in Q1 2011 to Rs. 51,596 crore in Q1 2012.
The average prices of cement have moved up by around 9% in the quarter compared to the prices in same period a year ago.
The company's operational margins were under pressure as its total expenses increased from Rs. 3,386 crore in Q1 2011 to Rs. 4,011 crore in Q1 2012.