UltraTech Cement Q3FY25 Updates : The profit of UltraTech Cement, a major company in the cement sector, declined by 17 percent on an annual basis to Rs 1,470 crore in the December quarter of FY 2025, whereas the company had made a profit of Rs 1,775 crore in the same quarter a year ago. However, these results were better than expected, because experts had estimated that there could be a greater decline in profits. Due to this, there has been a strong rise in the stock.
Stock reached Rs 11,571
In today’s trading, the stock of UltraTech Cement strengthened by about 8 percent and reached the price of Rs 11,571. Whereas on Wednesday it closed at Rs 10,694. The stock has increased by 17 percent in one year and about 148 percent in 5 years.
Revenue Rs 17,193 crore
Altatech Cement’s revenue increased by 3 percent on annual basis to Rs 17,193 crore in the December quarter. Which was Rs 16,740 crore in the same quarter a year ago. This is also better than market estimates. The company’s consolidated EBITDA declined by 8 percent on annual basis to Rs 3,131 crore. However, operating EBITDA per tonne for domestic gray cement improved to Rs 964 on a quarterly basis. Realization per tonne for gray cement declined by 9.6 per cent year-on-year, but increased by 1.4 per cent quarter-on-quarter to Rs 4,970.
Margin reduced to 16.8 percent
The company’s margin has also declined from 19.4 percent to 16.8 percent on an annual basis. The company has achieved the target of 73 percent capacity utilization during this period. Volume growth during the third quarter was 10 percent, which was expected to be 8 percent. The company said that volume growth has increased due to domestic sales. The company has achieved 73 percent capacity utilization in the third quarter. Apart from this, growth has also been seen in volume.
Acquisition completed in India Cement
Giving information about completion of acquisition in India Cement, the company said that after getting approval from CCI, the company has acquired 10,13,91,231 i.e. 32.72 percent shares at the face value of Rs 10. With this, the company’s total stake in India Cement has now increased to 55.49 percent. The company has made an open offer to acquire additional 26 percent stake at Rs 390 per share.
