UltraTech Cement down by 51.98 percentage

UltraTech Cement down by 51.98 percentage

Net profit of UltraTech Cement declined 51.98% to Rs 264.11 crore in the quarter ended September 2013 as against Rs 550.03 crore during the previous quarter ended September 2012. Sales declined 4.20% to Rs 4502.10 crore in the quarter ended September 2013 as against Rs 4699.43 crore during the previous quarter ended September 2012. The directors of UltraTech Cement in their committee meeting held on 19 October 2013 formulated the employee stock option scheme, 2013 and have approved the grant of 237,953 stock options exercisable into the same number of equity shares of Rs 10 each and 84,056 restricted stock units exercisable into the same number of equity shares of Rs.10 each to the eligible employees of the company.
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