Sharp cut in the red gives Ultratech an edge over the greater part of its friends

 

While the quarterly outcomes beat the Street’s evaluations on numerous excludes, one territory that stood apart was the quicker speed of deleveraging at Ultratech. This gives the organization an edge over the greater part of its rivals, investigators said

Concrete major Ultratech Cement Ltd has set up an amazing profit show for the December quarter.

Strong volumes development of 14% year-on-year (y-o-y) to 23.9 million tons (mt) surpassed examiners’ assessments by a mile. Volumes were supported by improved interest from government projects and the land area. Better interest converted into around 4% y-o-y development in acknowledge to Rs5132/ton. While the quarterly outcomes beat the Street’s assessments on numerous excludes, one territory that stood apart was the quicker speed of deleveraging at Ultratech. This gives the organization an edge over the vast majority of its rivals, examiners said.

Heidi Phillips

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