Cement maker UltraTech Cement (NSE:ULTC) on Thursday said its consolidated net profit declined more than 17 per cent in Q3 FY25 to Rs 1,470 crore, as compared with Rs 1,774.78 crore in the same period a year ago. The company's consolidated revenue from operations, however, grew nearly 3 per cent year-on-year at Rs 17,193 crore, helped by higher sales volumes and better price realisations across segments.
Following the declaration, UltraTech Cement's stock price moved higher by about 6 percent at Rs 11,333 on the NSE, following all the pre-results gains it made.
UltraTech's consolidated earnings before interest, taxes, depreciation and amortization went down 8 percent on the year at Rs 3,131 crore.
However, its operating EBITDA per tonne for domestic grey cement improved sequentially to Rs 964. The realisation per tonne for grey cement declined 9.6 per cent year-on-year but saw a slight quarter-on-quarter improvement of 1.4per cent, reaching Rs 4,970.
The company witnessed an increase in cement sales volumes. Domestic grey cement sales rose 10.5 per cent year-on-year to 28.1 million tonnes, it said in the exchange filing, supported by rising demand in rural areas and government spending on infrastructure. White cement and ReadyMix Concrete (RMC) volumes also grew by 6 per cent and 14 per cent, respectively.
UltraTech also delivered a reduced logistics and fuel cost with reduced distances of delivery, better efficiencies, and increased use of green power. Green power share increased to 33.4 per cent in Q3 FY25 from the 24.1 per cent registered a year back.
The recent acquisition of India Cements, added 14.45 million tonnes to UltraTech's grey cement capacity.
The company's total domestic grey cement capacity is now expected to reach 209.3 million tonnes by FY27.
