UltraTech Cement's Second-Quarter Profit Declines 12 Percent

By Thomas Kutty Abraham

Oct. 18 (Bloomberg) -- UltraTech Cement Ltd., India's second-biggest producer of the material, said second-quarter profit declined 12 percent.

Net income fell to 1.64 billion rupees ($33.5 million) in the three months ended Sept. 30 from 1.86 billion rupees a year earlier, the Mumbai-based company said in a statement to the Bombay Stock Exchange today.

Revenue rose 19 percent to 14.2 billion rupees.

To contact the reporter on this story: Thomas Kutty Abraham in Mumbai at tabraham4@bloomberg.net