Ultratech Cement has announced its financial results for first quarter of the fiscal year 2010-11. The company has informed that, in this reviewed quarter the net profit figures gone down as compared to the same quarter in the last year.

Ultratech Cement is under the flagship of Aditya Birla group. The net profit of the firm was reported to be Rs 242.7 crore for the first quarter of the current year.

For the same period of time, the net profit was Rs 417.7 crore in the previous year. Hence the company has suffered a decline of 41.8% in the first quarter of the current year against the similar quarter last year.

Ultratech Cement has produced this fact to the Bombay Stock Exchange in a filing. Moreover, the total income of the company has also seen a decline in the quarter under review.

The total income of the company has reported to be Rs 1,789.8 crore in Q1 of 2010-11 which was Rs 1,952.7 crore for its like period a year ago.