UltraTech Cement's Q3 revenue increased 2.7%, but its net profit fell 17% year over year to ₹1,469.5 crore.
Compared to ₹16,739.97 crore in the same period last fiscal year, UltraTech Cement’s operational revenue climbed 2.7% to ₹17,193.33 crore.
The net profit for the previous year was ₹1,776.98 crore.
In the quarter that ended in December 2024, the Aditya Birla Group company reported net sales of ₹16,971 crore, which was an increase from ₹16,487 crore in the third quarter of FY24.
UltraTech Cement share price
Shares of UltraTech Cement increased 5.6% to ₹11,292.2 per on the National Stock Exchange (NSE) at 2:19 pm following the results announcement. During the quarter, UltraTech’s capacity utilization rate was 73%. YoY, domestic sales volume increased by 10%. In a regulatory filing, the company stated that the decline in fuel prices was the primary reason for the 13% YoY and 4% QoQ fall in energy costs.
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The cement manufacturer commissioned an extra 1.8 million tonnes per annum (mtpa) of capacity as part of its capacity development initiative. After acquiring The India Cement Ltd., UltraTech’s consolidated cement capacity increased to 171.11 mtpa. “Upon completion of the ongoing expansion projects and the acquisition of Kesoram Cement (10.75 MTPA), UltraTech will achieve the unique milestone of more than 200 mtpa cement capacity in the country by the end of FY27,” it stated. According to the company, sustained volume growth of 7% to 8% is expected in the future due to the government’s emphasis on housing and infrastructure projects as well as rising demand in both urban and rural areas.
