Ultratech Cement Q2 results: Net profit jumps 21.3% at ₹1,501 crore; shares trade in red

Ultratech share price: Shares of India’s leading cement manufacturer, Ultratech Cement, traded 1.6% lower on Monday afternoon at ₹10,680 apiece on the NSE, after the company released its Q2FY27 earnings. The company posted all-round double-digit growth for the quarter.

Ultratech Cement Q2FY27 results

Ultratech Cement posted steady growth across the board for the quarter ended September 2026. The revenue for the quarter jumped 18% YoY to ₹23,024 crore as compared to ₹19,371 crore in the same period last year. Despite the volatility and internal headwinds, the company was able to deliver 13.8% YoY growth in grey cement sales at 35.94 million tonnes, up from 31.58 million tonnes in the same period last year.

At the operational level, the earnings before interest, taxes, depreciation and amortisation jumped 17.3% YoY to ₹3,832 crore, up from ₹3,268 crore in the quarter ended September 2025.

Meanwhile, the margins remained largely unchanged at 16.6% vs 16.8% in the same period last year. The logistics costs largely remained flat, while the fuel costs jumped 14% YoY. However, a 12% drop in power costs, eased off some margin pressure.

Lastly, the net profit for the quarter jumped 21.3% YoY to ₹1,501 crore as compared to ₹1,238 crore in the same period last year. The profitability was largely enhanced by strengthening manufacturing capacity, higher discipline in execution, and a wider network.

Despite the internal and external headwinds, like a weaker-than-expected monsoon and the ongoing West Asian crisis, the company delivered robust results. The capacity utilisation jumped from 66% to 75% in the current quarter as compared to last year.

Besides this, the board of directors of the company also approved the issuance of a corporate guarantee for its associate company. The exchange filing read, “The Board of Directors of the Company at its meeting held today, i.e., 19th October, 2026, approved issuance of a Corporate Guarantee up to an amount of $55 million in connection with the loan to be obtained by UHG Holdings IFSC Private Limited, an associate company”.

Grasim Industries, the promoter of Ultratech Cement and Hindalco, holds a 9% and 50% stake in UHG Holding IFSC Ltd

Ultratech Wires & Cables

The company also launched Ultravolt, a wires and cables business, adding a new category to its brand portfolio. With the overall planned capacity expansion for the project, the company ranks second in the industry with 78,000 mt of copper wires and 24,000 mt of aluminum wires capacity.

Ultratech Cement share price performance

The company has been among the top laggards in the benchmark NIFTY50 index, falling nearly 10% in 2026 on a YTD basis and -13.9% on a trailing twelve-month basis.