UltraTech Cement Q3 net profit declines 17% YoY to ₹1,469.5 crore, revenue up 2.7%

Grey cement maker UltraTech Cement reported a 17.3% decline in its consolidated net profit to ₹1,469.5 crore in the third quarter of the financial year 2024-25, the company announced in an exchange filing on Thursday.

In the year-ago period, the net profit stood at ₹1,776.98 crore.

Revenue from operations increased 2.7% to ₹17,193.33 crore in the quarter under review as against ₹16,739.97 crore in the corresponding period last fiscal.

The Aditya Birla Group company posted net sales of ₹16,971 crore in the quarter ended December 2024, up from ₹16,487 crore in Q3 FY24.

UltraTech Cement share price

After the results announcement, shares of UltraTech Cement rose 5.6% to ₹11,292.2 apiece on the National Stock Exchange (NSE) at 2:19 pm.

"UltraTech achieved a capacity utilisation of 73% during the quarter. Domestic sales volume grew 10% YoY. Energy costs were lower by 13% YoY and 4% QoQ mainly on account of decrease in fuel cost," the company said in a regulatory filing.

As part of its capacity expansion program, the cement maker commissioned an additional 1.8 million tonnes per annum (mtpa) capacity. With the acquisition of The India Cement Ltd, the cement capacity of UltraTech jumped to 171.11 mtpa on a consolidated basis.

"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 added.

The company said that the government's focus on infrastructure and housing projects, along with increased urban and rural demand, is anticipated to generate sustainable volume growth of 7%- 8% going forward.