(Reuters) – UltraTech Cement, India’s biggest cement maker by capacity, beat third-quarter profit estimates on Thursday, as strong volume growth outweighed a hit from weaker prices of the construction material.
Consolidated net profit for the three months to Dec. 31 was at 14.70 billion rupees ($170 million), above analysts’ average expectation of 13.90 billion rupees, as per data compiled by LSEG.
($1 = 86.4820 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Rashmi Aich)
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