Major cement companies report net loss amounting to 40-90% in Q2 on higher costs

For the September-ending quarter, cement Major Ultratech Cement posted a 42% drop in its consolidated net profit to ₹755.7 crore from ₹1,310.3 crore in the same quarter last year. The total expenditure of the company jumped nearly 30% to ₹12,026 crore in Q2 from ₹9,302 crore.

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Major cement companies report net loss amounting to 40-90% in Q2 on higher costs