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Informist, Saturday, Jan. 24, 2026

 

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--UltraTech: Expect strong cement demand with strong project pipeline 
--CONTEXT:Comments by UltraTech Cement mgmt in post-earnings analyst concall
--UltraTech: Expect to launch pdts in wires and cables segment by Q3 FY27 
--UltraTech: Expect to add capacity of 8-9 mln tonnes in Jan-Mar
--UltraTech: Saw no depression in rural demand in Q3, see strong demand Q4 
--UltraTech: Expect to add capacity of 12 mln tonnes in FY27
--UltraTech: See high institutional demand from south India 
--UltraTech: See 198 mtpa-199 mtpa capacity in FY26 
--UltraTech: Expect EBITDA per tonne to improve in coming quarters 
 

 

By Eshitva Prakash and Arya Biju

 

MUMBAI - UltraTech Cement Ltd. expects its earnings before interest, tax, depreciation, and amortisation per tonne to improve in the coming quarters, Atul Daga, business head and chief financial officer, said in a post-earnings conference call. A rise in cement demand across geographies and tight cost control would aid the company's profitability, Daga said. The company's EBITDA growth was limited in the Decemnber quarter due to capacity addition-related costs and an increase in employee costs, but Daga expects the metric to improve from the March quarter.

 

The company has started the capital expenditure programme to improve efficiency, the company's management said. "So, we have to have all the players playing the match in a positive manner, prices, efficiency improvement and capacity utilisation," Daga said.

 

The management expects high growth in volume in the coming quarters as demand for infrastructure in India is expected to rise. "Everything else (other than demand) becomes secondary and falls in line...the government's focus on infrastructure is translating into a robust pipeline of new projects nationwide with several marquee investments announced across every region," the chief financial officer said.

 

For the December quarter, the company reported a consolidated net profit of INR 17.25 billion, up nearly 27% on year and 40% on quarter. The cement major's revenue from operations was INR 218.30 billion, up nearly 23% on year.  

 

The company's management expects to add around 8–9 million tonnes of capacity in the March quarter and 12 million tonnes in 2026-27 (Apr-Mar). For the quarter ended December, the company had a capacity of 188.66 million tonnes per annum for domestic grey cement. The company expects high demand in rural India in the March quarter and high institutional demand from southern India. "Simple way to look at rural demand is look at our trade ratios. If our trade ratio remains strong, rural demand is equally buoyant. And we are not witnessing any depression in rural demand," Daga said.

 

The management also expects further improvement in the company's capacity utilisation, which is already higher than that of the cement industry. For the December quarter, the cement maker's capacity utilisation rose 5% on year to 77%. "God willing, we will operate at more than 90% of our existing installed capacity in the March quarter," Daga said. 

 

The company's management is confident of launching products in the cables and wires segment by the December quarter OF the next financial year. "Cables and Wires is progressing as per plan," Daga said, adding that orders worth INR 5 billion have already been placed and the company has spent around INR 1.97 billion on this business.

 

On Friday, shares of the company ended almost flat at INR 12,369 on the National Stock Exchange.  End

 

Edited by Avishek Dutta

 

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