India: UltraTech Cement has published its financial results for the second quarter ending 30 September 2024. For the second quarter, the company reported sales of US$1.86bn, down by 2.1% from US$1.90bn in the same period of 2023. Revenue for the second quarter of 2024 was US$1.89bn, marking a year-on-year decrease of 2% from US$1.92bn in 2023. Net income fell to US$97.5m, down by 36% from US$152m in 2023, with net profit after tax dropping to US$202m, a 52% decrease from US$240m recorded in the preceding June quarter. Earnings before interest, taxation, depreciation and amortisation (EBITDA) for the September 2024 quarter stood at US$239.94m, a decrease of 18% year-on-year.
