Ultratech results Q2 2008 : P/E ratio

Ultratech Cement Ltd has announced the following Unaudited results for the quarter ended September 30, 2008:

The results for the Quarter ended September 30, 2008

The Company has posted a profit after tax of Rs 1641.90 million for the quarter ended September 30, 2008 as compared to Rs 1858.60 million for the quarter ended September 30, 2007. Total Income has increased from Rs 11935.00 million for the quarter ended September 30, 2007 to Rs 14240.40 million for the quarter ended September 30, 2008.

With this, the current P/E ratio of Ultratech cement at its price of Rs. 375 is between 7 to 8.