Introduction:
Leading cement manufacturer reported a 17% YoY drop in Q3 net profit to ₹1,469.50 crore, surpassing estimates. Revenue rose 3% YoY to ₹17,193 crore, with higher domestic sales and lower energy costs driving performance.
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Share price movement of UltraTech Cement:
On January 23, 2025, UltraTech Cement Ltd. opened at ₹10,699.95, up 0.05% from its previous close of ₹10,694.10. The stock hit a high of ₹11,563.55 (8.14%) and a low of ₹10,699.95. By 3:10 PM, it traded at ₹11,450.00, a 7.07% increase, with a market cap of ₹3,30,561.57 crore.
UltraTech Cement Beats Revenue Estimates:
UltraTech Cement reported a 17% YoY decline in Q3 net profit to ₹1,469.50 crore, exceeding estimates of ₹1,195 crore. Revenue rose 3% YoY to ₹17,193 crore, also surpassing projections of ₹16,854 crore.
EBITDA fell 8% YoY to ₹3,131 crore, with margins dropping to 17%. Capacity utilization reached 73%, driven by a 10% YoY growth in domestic sales volume. Lower fuel costs reduced energy expenses by 13% YoY, bolstering operational efficiency.
Grey cement sales grew 10% YoY and 9% QoQ, while white cement rose 6% YoY and 12% QoQ. Cement exports surged 41% YoY but dipped 9% QoQ. Export revenue climbed 37% YoY to ₹76 crore.
Recent news on UltraTech Cement:
As of December 27, 2024, UltraTech Cement’s board approved acquiring an 8.69% stake in Star Cement for ₹851 crore. This follows their recent 32.72% stake acquisition in India Cements, strengthening their position amid Adani Group competition.
Stock performance of UltraTech Cement for Period of 1 week, 6 months and 1 year:
Over the past week, the company delivered a modest 0.54% return, while its six-month performance showed a decline of 8.39%. However, the company achieved a solid 7.04% return over the past year.
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Shareholding pattern of UltraTech Cement:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 60% | 60.00% | 60.00% |
| FII | 17.00% | 18.00% | 18.20% |
| DII | 15.70% | 14.70% | 14.50% |
| Public | 7.10% | 7.10% | 7.20% |
| Others | 0.20% | 0.20% | 0.20% |
About UltraTech Cement:
UltraTech Cement Ltd. (NSE Symbol: ULTRACEMCO) is a global leader in cement manufacturing and sales. As the world’s third-largest cement company (excluding China) and India’s largest, it holds a 22% share of grey cement capacity.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
