NEW DELHI : Aditya Birla Group firm UltraTech Cement on Wednesday reported a consolidated net profit of ₹3,239.39 crore for March quarter 2019-20, helped by gains from reversal of the Income Tax.
The leading cement producer had posted a net profit of ₹1,085.47 crore in January-March a year ago, UltraTech Cement said in a BSE filing.
Revenue from operations was ₹10,745.62 crore during the quarter under review. It was ₹12,370.61 crore in the corresponding period of the previous fiscal.
According to the company, its normal profit after tax was ₹1,131 crore, while it has got the benefit of reversal of deferred tax of ₹2,112 crore during the quarter. “Normalised PAT is before considering the benefit of reversal of deferred tax liabilities as