UltraTech Cement’s total income in Q2FY23 rose 15% to ₹14,039 crores. Consolidated Profit After Tax came at ₹756 crores showcasing a 42% fall YoY over the corresponding period of the previous year.
In this quarter’s investor presentation, the management suggested that the firm has observed a fall in profits due to inflationary increase across all key cost parameters. More crucially, the drastic increase in energy and fuel cost has largely contributed in the high increase in expenses.
To further read into this quarter’s results, check out this link.