UltraTech Cement Shares Gain 2% Ahead of Q3 Earnings

On January 23, 2025, UltraTech Cement shares gained momentum ahead of its Q3 results, climbing 2.2% to an intraday high of ₹10,930.05. By 10:11 AM, the stock was trading 1.81% higher at ₹10,888.10, while the BSE Sensex was up 0.28% at 76,617.12.

Financial Highlights

UltraTech Cement reported a net profit of ₹825 crore for the July-September 2024 quarter. The profit dropped by 36% compared to ₹1,280 crore in the same period last year. The company’s revenue for the quarter stood at ₹15,635 crore, a 2% decline year-on-year (YoY) but slightly higher than the estimated ₹15,420 crore.

Operating margins also declined significantly, dropping 300 basis points from 15.9% in Q2 FY24 to 12.9% in Q2 FY25. EBITDA came in at ₹2,019 crore, lower than the expected ₹2,180 crore and a 21% drop from ₹2,550 crore in the same quarter last year.

About UltraTech Cement

UltraTech Cement, part of the Aditya Birla Group, is India’s largest cement producer, with a capacity of over 120 million tonnes per year. The company operates more than 20 integrated plants, along with grinding units and bulk terminals across India.

A leader in the Indian cement market, UltraTech also has a strong presence in exports. Its product portfolio includes Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), and Ready Mix Concrete (RMC), catering to diverse construction needs ranging from residential projects to large infrastructure developments.

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