UltraTech's volumes disappointment a blip

UltraTech's performance for the quarter ending June disappointed the street, mainly on volume front. With its pan India peer, ACC reporting double-digit volume growth a day ago, flat volumes by UltraTech weighed on street's sentiment. The street was expecting a 3-5 per cent increase in volumes. Analysts at ICICI Securities, for instance, had estimated volumes at 13.9 million tonnes (MT) whereas actual came at 13.2 MT they said. Analysts at Motilal Oswal Securities, too, had expected cement volumes to grow 4 per cent year-on-year led by growth in North and East markets.

Read more

  • Share


RIL sees Reliance Retail, Jio as hyper growth platforms
by  B2B Desk, 2017-07-24 17:10:32
N Chandrasekaran gets down to business, could soon shut or sell off misfiring Tata companies
by  B2B Desk, 2017-07-24 17:14:39
Amazon Spent $3.2 Million in Second Quarter on Washington Lobbying Effort
by  B2B Desk, 2017-07-21 16:10:58
Reliance Jio, Airtel, Vodafone and Idea exchange sharp words at Trai open house on IUC
by  B2B Desk, 2017-07-21 16:11:11
HMD Global CEO Arto Nummela resigns
by  B2B Desk, 2017-07-20 14:28:50
Centre Allows ONGC to Buy Out Gov Stake in Refiner HPCL: Source
by  B2B Desk, 2017-07-20 14:29:01
Reliance Jio corners 9% active subscriber base, mostly from smaller telcos
by  B2B Desk, 2017-07-19 14:29:50

Follow on Insta

Subscribe now