Ultratech Q1 net dips 13.5% to Rs 673 crore

AdityaBirlaUltraTechRscroreRscroreRs"The outlook continuous to remain challenging. Demand growth in FY14 is likely to be around 6%, though over the long run it is likely to be over 8%. The key value drivers will be housing demand and infrastructure spending," the company said in a statement.The quarter witnessed an increasing trend in logistics and raw material cost, linked to an increase in railway freight and diesel prices. The benefit of softening in prices of imported coal was partly offset by the rupee depreciation, the company statement added.