NEW DELHI: UltraTech Cement on Friday missed Street estimates despite posting 48.64 per cent year-on-year rise in standalone profit at Rs 643.15 crore for December quarter. Analysts in an ETNow poll had projected the number at Rs 740 crore.Revenue came in almost flat at Rs 9,981.75 crore against Rs 9,938.11 crore. The figure stood at Rs 22,111 crore as of March 31 last year. Net debt-to-Ebitda reduced to 1.87 against 2.83 in March last year.The company believes that demand is expected to grow in line with the GDP rate. Any pick-up in urban housing demand, liquidity improvement, fund allocation from central and state government should be watched going ahead.Consolidated RoCE jumped to 11 per cent in Q3FY20 over 8.70 per cent in Q3FY19.

Source: Economic Times January 24, 2020 09:22 UTC