UltraTech reported a 21.2% growth in its net profit for the March quarter to ₹3,000 crore. The figure was higher than the CNBC-TV18 poll of ₹2,749 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter also grew by 21.3% on a year-on-year basis to ₹5,600.5 crore. A CNBC-TV18 poll had projected the figure to be ₹5,194 crore.
EBITDA margin expanded by 170 basis points on a year-on-year basis to 21.7% from 20% last year, while the CNBC-TV18 poll had projected the margin figure to remain flat, while revenue for the quarter increased by 12% from the year-ago period to ₹25,799.5 crore, in-line with the CNBC-TV18 poll estimate of ₹25,975 crore.
The company said in its investor presentation that sales volumes for India reached 42.41 million tonnes for the quarter, registering a growth of 9.3% for the same quarter last year.
UltraTech’s board also approved a special dividend payout of ₹240 per share for its shareholders, which is the highest-ever payout that the company has announced. The dividend is subject to approval from shareholders at the ensuing Annual General Meeting (AGM) of the company.
In its investor presentation, the company said that there is a capital commitment of over ₹16,000 crore over the next three years with the next phase of transformation already gathering momentum. This will propel the company’s consolidated cement manufacturing capacity to over 240 MTPA. The number currently crossed the 200 MTPA mark.
UltraTech’s cables and wires business also continues to advance on schedule, as per the company’s statement. “Critical orders have been placed, civil works are progressing at the project site, and the core management team is fully operational,” the statement said.
The cables and wires business is likely to be commissioned by the third quarter of financial year 2027.
Ex-India Cements, UltraTech’s domestic grey cement sales grew by 15% from the same quarter last year to 42.01 MT.
Shares of UltraTech Cement are off the highs of the day after the results announcement, currently trading 0.5% higher at ₹12,059. The stock has risen 9.2% in the last one month.
