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Cement Prices Decline 15%, But Labour Costs Surge by 25%
Job cuts due to weak demand
UltraTech reported a 36% year-on-year (YoY) decline in net profit, dropping to Rs 825 crore
India is the world's second-largest crude steel producer, had become a net importer in 2023/24.
The company had reported a loss of Rs 131.10 crore during the same period last year.
Ramco Cement reports significant dip in Q2 profit.
It had registered loss after tax of Rs 252.2 million in the corresponding quarter of the previous fiscal.
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