UltraTech Cement's fourth-quarter profit falls 39 percent

UltraTech Cement Ltd, part of the Aditya Birla Group, posted a 38.5 percent fall in fourth-quarter profit on Wednesday, as higher expenses weighed.

Net profit fell to 4.46 billion rupees ($66.80 million) for the quarter ended March 31, from 7.26 billion rupees a year ago, the company said here.

Revenue from operations rose about 19 percent to 94.21 billion rupees.