Net profit of UltraTech Cement may rise 40 percent to Rs Rs 550 crore in July-September quarter from Rs 393.9 crore in corresponding quarter last fiscal. The cement major’s total income, however, may slip 2.4 percent at Rs 5545 crore compared to Rs 5682 crore in year-ago period. During the period, its operating profit may climb 12 percent at Rs 1110 crore versus Rs 989 crore while operating profit margin may stand at 20 percent against 17.4 percent. Central & North India prices have increased 7 percent to 10 percent on annual basis but may be offset by weakness in East, South and West India. Blended realisation is expected lower year-on-year. Heavy rainfall and a flood-like situation in many parts of India are likely to show negative surprises in Q2.