UltraTech Cement Q3 Results: Net Profit Down By 17%

Ultratech Cement, India's largest cement manufacturer, announced its Q3 result today. The company has reported a 17% downfall in net profit for the third quarter. However, despite the drop in Y-O-Y profit, the earnings surpassed average expectations.

On the other hand, revenue from operations has also increased 2.70% to Rs. 17,193.33 crore in Q3 FY25 from Rs 16,739.97 crore in the corresponding period last year. Furthermore, the yearly revenue from the export, readymix concrete, building products, and overseas grew by 37%, 14%, 26%, and 35%, respectively.

On capital expenditure, the company said its expansion program is progressing as per schedule. "As part of its ongoing capacity expansion program, UltraTech commissioned an additional 1.8 mtpa capacity. With the acquisition of The India Cements Ltd., UltraTech’s cement capacity has increased to 171.11 mtpa on a consolidated basis," it stated.

"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," the firm added.

Following the result announcement, UltraTech Cement's share price jumped further to trade up nearly 6% at Rs 11,333 on the NSE, extending the pre-results gains. While on BSE, the share price jumped over 8% today. UltraTech Cement stock rallied as much as 8.13% to ₹11,563.55 apiece on the BSE.