UtraTech Cement Q3: Disappointing results, huge decline of 17.3% in profit, operating revenue increased by only 2.7%

UltraTech Cement, India’s largest cement maker by capacity, on Thursday reported a 17.3 per cent decline in consolidated net profit for the third quarter (Q3) of the financial year 2024-25 (FY25) at Rs 1,469.5 crore. Remained Rs. However, sequentially it was a huge turnaround for the cement firm, up 79.2 per cent from Rs 820.04 crore reported at the end of Q2FY25.

Consolidated revenue from operations witnessed a marginal growth of 2.7 per cent to Rs 17,193.33 crore from Rs 16,739.97 crore reported during the same period last year. Sequentially, revenue grew 10 per cent at Rs 15,634.73 crore.

UltraTech’s consolidated net sales for Q3FY25 increased to Rs 16,971 crore as compared to Rs 16,487 crore in the same period last year. The company reported profit before interest, depreciation and tax (PBIDT) of Rs 3,131 crore, down from Rs 3,395 crore a year ago.

The company reported a 10.5 percent year-on-year (YoY) growth in domestic sales volume and 9 percent quarter-on-quarter (QoQ) growth. Trade volume grew by 12.5 per cent year-on-year, while rural sales grew by 13 per cent year-on-year, driven by government-led infrastructure projects and increased demand in rural and urban markets.

UltraTech’s domestic operating earnings before interest, taxes, depreciation and amortization (EBITDA) per metric tonne (EBITDA/MT) stood at Rs 964, showing an improvement of Rs 232/MT quarter-on-quarter.

Consolidated net sales stood at Rs 15,308 crore compared to Rs 15,735 crore in the same period last year, while profit before interest, depreciation and tax stood at Rs 2,239 crore compared to Rs 2,718 crore. Profit after tax was Rs 820 crore compared to Rs 1,281 crore.

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UltraTech Cement Limited is the cement flagship company of Aditya Birla Group. The US$ 8.4 billion i.e. Rs 72 thousand crore building solutions powerhouse, UltraTech is the largest manufacturer of gray cement and ready mix concrete (RMC) and one of the largest manufacturers of white cement in India. It is the world’s third largest cement producer, excluding China. UltraTech is the only cement company globally (outside China) to have 100+ MTPA cement manufacturing capacity in a single country. The company’s business is spread across UAE, Bahrain, Sri Lanka and India.

 

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