Construction Industry News
UltraTech Cement’s 1QFY12 PAT was above IIFL’s expectations at Rs. 6.8 bln on lower-than-expected rise in costs. EBITDA also rose to Rs. 11.9 bln as against IIFL’s estimates of Rs. 11 bln.
Lower QoQ prices in June and July due to the monsoons are expected to disturb UCL’s profit sequentially over the next two quarters, IIFL said. But prices were high on a YoY basis, especially in the south markets, due to strong pricing discipline, the report said.
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