BENGALURU (Reuters) – India’s UltraTech Cement reported a near 68% rise in third-quarter profit on Friday, helped by price hikes and strong demand for construction materials.
Consolidated net profit rose to 17.77 billion rupees ($214 million) for three months ended Dec. 31 from 10.58 billion rupees a year ago, the country’s top cement maker said.
($1 = 83.0870 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala)
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