UltraTech Cement, part of the Aditya Birla Group, has reported a 1Q net profit of Rs 625.57 crore, down from Rs 672.60 crore in the 1Q of the 2013/14 financial year. This year?s 1Q figures include the Gujarat units of Jaypee Cement taken over June. UltraTech Cement expects cement demand to grow by 7-8 per cent thanks to renewed government spending on housing and infrastructure. In the second half of this fiscal year, the company said, demand growth could be in the double digits.