Leading cement maker UltraTech Cement‘s net profit grew 9.9% annually for the quarter ended March 31, on the back of improved sales and lower fuel and power costs in grey cement segment.
Net profit for the quarter came in at Rs 2,482 crore, as compared to Rs 2,258 crore during the same quarter last fiscal. The cement firm’s profit after tax trailed Bloomberg estimates of Rs 2,538 crore.
Revenue from operations for fourth quarter of the fiscal grew 13% year-on-year at Rs 23,063 crore. It was ahead of estimates of the Bloomberg estimates of Rs 22,967 crore.
Earnings before interest, taxation, depreciation and amortisation (Ebitda) rose 12.3% y-o-y at Rs 4,618 crore and was in line with Bloomberg estimates of Rs 4,616 crore.
The firm’s operating Ebitda/mt (excluding acquired assets) was up 7% y-o-y and 32% quarter-on-quarter at Rs.1,270/mt.
UltraTech’s consolidated sales volumes for the quarter came in at 41.02 million metric tonne, growing 17% y-o-y, the company said in its earnings report. Grey cement capacity utilisation for the quarter was 89%.
Sales realisation (revenue per metric tonne) for Q4FY25 was Rs 5,052 per metric tonne, down 2.3% annually, and up 1.6% from the preceding quarter.
Grey cement fuel and power cost were down 16% and 10% y-o-y, respectively. Fuel cost came in at Rs 864/metric tonne and power cost was Rs 354/metric tonne.
During the quarter, UltraTech completed the acquisition of Kesoram Cement on March 1, 2025. Financial consolidation with UltraTech will be effective April 1.
For the full fiscal, UltraTech’s net profit was down 13.8% at Rs 6,039 crore, on the back of increased finance costs, and depreciation costs. Ebitda was down 2.1%, though revenue was up 7.1% annually at Rs 75, 955 crore.
Capex for the year stood at Rs 9,428 crore with 70% going towards growth plans, 10% towards ESG initiatives, and the rest to other activities. The company said, in its quarterly earnings presentation, that it will spend around Rs 10,000 crore in capex in FY26.
UltraTech’s domestic capacity grew to 183.4 million tonne per annum (mtpa) in FY25 from 140.8 mtpa at the end of FY24. The firm added 16.3 mtpa of organic and 26.3 mtpa of inorganic capacity during the year.
“UltraTech’s domestic grey cement capacity has increased to 183.36 mtpa, on a consolidated basis. Together with its overseas capacity of 5.4 mtpa, the company’s global capacity stands at 188.76 mtpa,” the firm said.
UltraTech’s target capacity addition for FY26 stands at 12.4 mtpa, and target domestic capacity at the end of FY27 is at 210.5 mtpa.
Capacity utilisation for FY25 was at 78% and total sales volume for the year came at 135.83 million tonnes, up 14% y-o-y.
UltraTech’s board has recommended a dividend of Rs 77.50 per equity share of face value of Rs 10 each.
UltraTech’s shares closed at Rs 12,108.25 on Monday on the Bombay Stock Exchange (BSE), down 1.05%. The results were announced during market hours.