Grey cement maker UltraTech Cement reported a 17.3% drop in its consolidated net profit to ₹1,469.5 crore in the third quarter of FY2024-25, the company announced in an exchange filing on Thursday.
Net profit stood at ₹1,776.98 crore in the same period a year ago.
Revenue from operations grew 2.7% to ₹17,193.33 crore in the quarter under review, as against ₹16,739.97 crore in the same period last fiscal.
The profit after tax beat market estimates, which stood at ₹1,295 crore, according to a CNBC-TV18 poll.
The Aditya Birla Group company reported net sales of ₹16,971 crore in the quarter ended December 2024, up from ₹16,487 crore in the third quarter of FY2024.
UltraTech Cement share price
Following the announcement of results, shares of UltraTech Cement rose 5.6% to ₹11,292.2 on the National Stock Exchange (NSE) at 2:19 pm.
“UltraTech achieved capacity utilisation of 73% during the quarter. Domestic sales volume grew 10% year-on-year. Energy costs were lower by 13% year-on-year and 4% quarter-on-quarter due to reduction in fuel costs.”
As part of its capacity expansion programme, the cement maker commissioned an additional 1.8 million tonnes per annum (mtpa) of capacity. With the acquisition of India Cements Ltd, UltraTech’s cement capacity reached 171.11 MTPA on a consolidated basis.
“After completion of ongoing expansion projects and acquisition of Kesoram Cement (10.75 MTPA), UltraTech will achieve the unique milestone of over 200 MTPA cement capacity in the country by the end of FY27,” it said.
The government’s focus on infrastructure and housing projects, coupled with pent-up urban and rural demand, is projected to generate sustainable volume growth of 7%-8% going forward, the company said.
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