Market

Grey cement maker UltraTech Cement reported a 17.3% drop in its consolidated net profit to ₹1,469.5 crore in the third quarter of FY2024-25, the company announced in an exchange filing on Thursday. Net profit stood at ₹1,776.98 crore in the same period a year ago. Revenue from operations grew 2.7% to ₹17,193.33 crore in the quarter under review, as against ₹16,739.97 crore in the same period last fiscal. The profit after tax beat market estimates, which stood at ₹1,295 crore, according to a CNBC-TV18 poll. The Aditya Birla Group company reported net sales of ₹16,971 crore in the quarter ended December 2024, up from ₹16,487 crore in the third quarter of FY2024. UltraTech Cement share price Following the announcement of results, shares of UltraTech Cement rose 5.6% to ₹11,...

New Delhi, Nov 23 (PTI) The average cost of construction of housing projects in big cities has risen 39 per cent to Rs 2,780 per sq ft in the last four years, while construction material and labour have become costlier, according to Colliers India. Data from real estate consultant Colliers India shows that the average construction cost for premium housing projects was Rs 2,000 per sq ft in October 2020. The construction cost rose to Rs 2,200 per sq ft in October 2021, Rs 2,300 per sq ft in October 2022, Rs 2,500 per sq ft in October 2023 and Rs 2,780 per sq ft in October 2024. These are average costs for a Grade A residential building with 15 floors, Colliers India said. The data pertains to tier-I cities. Over the past one year, the consultancy said the average cost of constr...

New Delhi, Nov 19 (PTI) Gold futures rose by Rs 335 to Rs 75,382 per 10 grams on Tuesday as speculators created deals amid strong spot demand. Gold contracts for December delivery inflation by Rs 335, or 0.45 percent, to Rs 75,382 per 10 grams on the Multi Commodity Exchange, with a turnover of 9,398 lots. Analysts said fresh deals by participants led to the rise in gold prices. Globally, gold futures rose 0.44 percent to $2,623.35 an ounce in New York.