From Financialexpress · Urvi Malvania · · 1m
UltraTech Cement Q2 Profit Rises 21%
UltraTech Cement's Q2 net profit jumps 21.3% to Rs 1,494 crore, beating estimates.
In brief
UltraTech Cement's Q2 net profit jumps 21.3% to Rs 1,494 crore, beating estimates. UltraTech Cement reported a 21.3% year-on-year increase in Q2 net profit to Rs 1,494 crore, driven by higher sales volumes and improved operations. Originally reported by Financialexpress.
UltraTech Cement Q2 Profit
UltraTech Cement reported a 21.3% year-on-year increase in Q2 net profit to Rs 1,494 crore.
Revenue Growth
Revenue rose 18.8% y-o-y to Rs 23,295 crore, beating Bloomberg's estimate.
Sales Volumes
Consolidated cement sales volumes rose 12.9% y-o-y to 38.22 million tonne.
Domestic Grey Cement
Domestic grey cement volumes grew 13.8% to 35.94 million tonne from 31.58 million tonne.
Capacity Utilisation
Capacity utilisation improved to 71% from 66% in the year-ago quarter.
Capacity Expansion
UltraTech plans to add 16.3 mtpa capacity by March 2028, including 9.3 mtpa greenfield projects.
New Business Launch
UltraTech launched UltraVolt brand in cables and wires business with Rs 1,100 crore investment.
The bottom line
UltraTech Cement reported a 21.3% year-on-year increase in Q2 net profit to Rs 1,494 crore, driven by higher sales volumes and improved operations.
