India's UltraTech Cement Q4 profit falls over 32% on higher energy costs

India's top cement maker UltraTech Cement Ltd reported a 32.3% fall in fourth-quarter profit on Friday, missing analysts' expectations, dented by a surge in power and fuel expenses. Power and fuel expenses soared 33.8% from a year ago, while raw material costs surged due to an increase in the cost of fly ash, slag and gypsum, the cement maker said. While UltraTech's consolidated sales volume for the quarter rose 14% year on year, cement prices remained muted through the quarter, analysts had said.