UltraTech Cement, the Aditya Birla Group firm, reported a 3% year-on-year revenue increase in its third-quarter financial results for FY25, amounting to ₹17,193 crore, surpassing analyst estimates of ₹17,025 crore, as per a CNBC-TV18 poll.
While the company’s net profit for the October-December 2024 quarter came in at ₹1,473 crore, which was higher than the expected ₹1,295 crore, it registered a 17% decline compared to ₹1,775 crore in the same quarter of the previous fiscal year. Despite this fall, the results beat market expectations.
UltraTech Cement’s margin for the quarter stood at 17%, 70 basis points above the analysts’ forecast of 16.3%. The company reported an EBITDA of ₹2,888 crore, though it was lower than ₹3,131 crore in Q3 of FY24.
The company highlighted that its domestic sales volume grew by 10% year-on-year, and its capacity utilization reached 73% during the quarter. Energy costs fell by 13% YoY and 4% QoQ, largely driven by lower fuel costs. Looking ahead, UltraTech Cement is expecting volume growth of 7-8% for the next quarter.
UltraTech also expanded its cement capacity during the quarter by 1.8 MTPA. With the recent acquisition of India Cements, the company’s consolidated cement capacity has increased to 171.11 MTPA. The firm also mentioned that upon completion of ongoing expansions and the acquisition of Kesoram Cement (10.75 MTPA), its cement capacity will exceed 200 MTPA by the end of FY27.
Following the announcement of these results, UltraTech’s stock saw a rally of over 6%, trading at ₹11,351.60 on the NSE at 2:30 PM.
