Cement major Ultratech Cement on Monday reported an 8 per cent rise in consolidated net profit at Rs 1,708 crore for the quarter ending December 31, 2021. It was Rs 1,584 crore in the year-ago period.

Consolidated net sales rose marginally to Rs 12,710 crore compared to Rs 12,144 crore a year ago.

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“With the omicron variant of COVID-19 spreading rapidly, its impact on the economy remains to be seen. With business continuity plans in place, UltraTech is better placed to tide over the current wave of the pandemic. As in the earlier waves, it continues to monitor the situation and impact on its operations closely,” the company said in a stock exchange filing.