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Informist, Monday, Apr. 28, 2025

 

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--UltraTech Jan-Mar consol net profit INR 24.82 bln
--Analysts saw UltraTech Jan-Mar consol net profit INR 25.51 bln
--UltraTech Jan-Mar consol net profit INR 24.82 bln vs INR 22.58 bln yr ago
--UltraTech Jan-Mar consol revenue INR 230.63 bln vs INR 204.19 bln year ago
--UltraTech to pay INR 77.50 per share dividend
--UltraTech FY25 consol net profit INR 60.39 bln vs INR 70.05 bln year ago
--UltraTech FY25 consol revenue INR 759.55 bln vs INR 709.08 bln year ago
--UltraTech Jan-Mar consol EBITDA INR 47.21 bln vs INR 42.50 bln year ago
--UltraTech Jan-Mar consol sales volume 41.02 mln tn, up 17% on year
--UltraTech Jan-Mar domestic grey cement sales 36.46 mln tn, up 10% on year
--UltraTech Jan-Mar average capacity utilisation at 73%
--UltraTech Jan-Mar India grey cement sales realisation INR 5,052/tn
--UltraTech Jan-Mar India grey cement sales realisation down 2.3% on year
--UltraTech Jan-Mar India grey cement sales realisation up 1.6% on qtr
--UltraTech Jan-Mar energy cost down 14% YoY on lower fuel cost
--UltraTech Jan-Mar India average capacity utilisation at 73%
--UltraTech Jan-Mar consol average capacity utilisation at 89%
--UltraTech Jan-Mar consol operating EBITDA/tn INR 1,225 vs INR 1,173 yr ago
--UltraTech Jan-Mar domestic grey cement sales INR 183.47 bln, up 7% YoY
--UltraTech Jan-Mar white cement sales INR 6.97 bln, down 3% on year
--UltraTech Jan-Mar revenue from overseas INR 9.33 bln, up 38% on year
--UltraTech sees FY26 India grey cement capacity at 195.8 mtpa
--UltraTech had seen FY26 India grey cement capacity at 194.6 mtpa in Jan

 

By Rajesh Gajra

 

NEW DELHI – Strong volume growth and higher profitability enabled UltraTech Cement Ltd. to register a double-digit growth on year in its consolidated net profit in the March quarter, after the previous two quarters saw the net profit declining. The consolidated sales volume of the company jumped up 17% on year aided by a 10% rise in domestic grey cement volume on the back of volume accretion from recent acquisitions and a 30% jump in cement sales from overseas plants.

 

While UltraTech's consolidated revenue from operation rose 13% on year to INR 230.63 billion and beat the Street view of INR 226.70 billion, the consolidated net profit increased 10% on year to INR 24.82 billion and missed analyst expectations of INR 25.51 billion. With the company missing analyst expectations on net profit, its shares declined 0.5% to around INR 12,096 from INR 12,153 within five minutes of the company announcing the March quarter earnings during market hours at around 1500 IST.

 

While strong volume growth aided the top line of the largest cement producer in the country, the domestic realisation in grey cement declined 2.3% on year to INR 5,052 per tonne in the March quarter due to lower cement prices. Domestic grey cement sales increased 10% on year to 36.46 million tonnes, but the revenue increased by only 7% to INR 183.47 billion. Cement export sales volume declined 10% on year to 0.15 million tonne and revenue fell 12% to INR 540 million.

 

White cement sales volume of UltraTech was up 6% on year to 0.56 million tonne in the March quarter and revenue from this segment declined 3% to INR 6.97 billion. UltraTech's readymix concrete sales volume jumped up 19% to 3.98 million cubic meters and revenue rose 17% to INR 18.19 billion. Cement sales volume from the company's overseas cement plants jumped 30% on year to 1.71 million tonnes and the revenue rose sharply by 38% to INR 9.33 billion.

 

Sequentially, the domestic grey cement sales realisation was up 1.6%. Sales volume from The India Cements Ltd., which became UltraTech's subsidiary in December, were 2.64 million tonnes in the March quarter and the revenue generated was INR 11.97 billion.

 

The total consolidated volume rose 17% on year to 41.02 million tonnes. Excluding India Cements' volume, the consolidated volume was 38.38 million tonnes in the March quarter, up only 9.5% on year. The company said the average grey cement capacity utilisation was 89% in the March quarter. The average capacity utilisation was 73% for India Cements. UltraTech said in its investor presentation Monday that the 2025-26 (Apr-Mar) grey cement capacity in India is estimated to be 195.8 million tonnes per annum. This is higher than 194.6 million tonnes per annum estimate for FY26 given by the company in January.

 

HIGHER PROFITABILITY

The consolidated earnings before interest, tax, depreciation, and amortisation of UltraTech rose 11% on year to INR 47.21 billion in the March quarter on the back of decline in most key input costs. The energy costs fell 14% on year on the back of 16?ll in fuel costs and a 5?cline in logistics costs.

 

Power costs also fell 10% on year but raw material costs recorded a 4% increase. Excluding the recent acquisitions of India Cements and Kesoram Cement, the operating EBITDA per tonne increased to INR 1,225 in the March quarter from INR 1,173 a year ago.

 

For the full year FY25, UltraTech's consolidated revenue from operations was up 7% at INR 759.55 billion, while the consolidated net profit declined 14% to INR 60.39 billion. The company Monday announced a dividend of INR 77.50 per share, that in value terms would equal INR 22.84 billion.

 

On Monday, shares of UltraTech Cement ended 1% lower at INR 12,114 on the National Stock Exchange.  End

 

Edited by Akul Nishant Akhoury

 

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