UltraTech's profit surges 68% with reduced costs
Cement

UltraTech's profit surges 68% with reduced costs

UltraTech Cement, a company within the Aditya Birla Group, announced a 68 percent increase in its net profit for the December quarter, amounting to Rs 17.77 billion compared to Rs 10.58 billion in the same period the previous year. This boost in profit was attributed to increased volume and reduced costs.

The revenue witnessed an 8 percent rise, reaching Rs 167.40 billion from Rs 155.21 billion, while the overall income escalated to Rs 168.80 billion from Rs 156.48 billion. Sales volume experienced a 6 percent growth, totalling 27.32 million tonnes.

Despite the surge in output, expenses rose by 3 percent to Rs 145.31 billion from Rs 141.24 bllion. This was offset by a significant 14 percent decrease in power and fuel costs, which amounted to Rs 41.78 billion compared to Rs 48.73 billion. Ebitda also saw a substantial increase, rising by 38 percent to Rs 33.95 billion from Rs 24.62 billion. The sales realisation per 50 kg bag went up to Rs 275 from Rs 269.

Regarding expansion projects, during the quarter, UltraTech Cement acquired a 0.54 mtpa cement-grinding asset of Burnpur Cement in Jharkhand for Rs 1.70 billion, marking its entry into the state. The company has initiated work on the second phase of a 22.6 MTPA expansion, which is expected to be commissioned ahead of schedule in the March quarter.

Furthermore, major orders have been placed with key technology suppliers for the third phase of growth, targeting 21.9 MTPA. Civil work has already commenced at several locations. UltraTech Cement has submitted applications to the stock exchanges for the proposed acquisition of 10.75 MTPA cement assets of Kesoram Industries. The consolidation of these assets with the company is contingent upon regulatory approvals.

UltraTech Cement, a company within the Aditya Birla Group, announced a 68 percent increase in its net profit for the December quarter, amounting to Rs 17.77 billion compared to Rs 10.58 billion in the same period the previous year. This boost in profit was attributed to increased volume and reduced costs. The revenue witnessed an 8 percent rise, reaching Rs 167.40 billion from Rs 155.21 billion, while the overall income escalated to Rs 168.80 billion from Rs 156.48 billion. Sales volume experienced a 6 percent growth, totalling 27.32 million tonnes. Despite the surge in output, expenses rose by 3 percent to Rs 145.31 billion from Rs 141.24 bllion. This was offset by a significant 14 percent decrease in power and fuel costs, which amounted to Rs 41.78 billion compared to Rs 48.73 billion. Ebitda also saw a substantial increase, rising by 38 percent to Rs 33.95 billion from Rs 24.62 billion. The sales realisation per 50 kg bag went up to Rs 275 from Rs 269. Regarding expansion projects, during the quarter, UltraTech Cement acquired a 0.54 mtpa cement-grinding asset of Burnpur Cement in Jharkhand for Rs 1.70 billion, marking its entry into the state. The company has initiated work on the second phase of a 22.6 MTPA expansion, which is expected to be commissioned ahead of schedule in the March quarter. Furthermore, major orders have been placed with key technology suppliers for the third phase of growth, targeting 21.9 MTPA. Civil work has already commenced at several locations. UltraTech Cement has submitted applications to the stock exchanges for the proposed acquisition of 10.75 MTPA cement assets of Kesoram Industries. The consolidation of these assets with the company is contingent upon regulatory approvals.

Related Stories

Gold Stories

Next Story
Equipment

BEML Wins GeM Award for Highest MSE Order Value

BEML Limited has received the “Maximum Order Value to MSEs” award at the 10th Foundation Day celebrations of the Government e-Marketplace (GeM) held at Bharat Mandapam, New Delhi.Union Minister of Commerce and Industry Piyush Goyal presented the award, which was received on behalf of BEML by Anil Jerath, Director (Finance).The recognition acknowledges BEML's efforts to strengthen procurement from Micro and Small Enterprises (MSEs) through the GeM platform.BEML said its procurement initiatives are aimed at encouraging greater participation of MSEs in public procurement and supporting the gr..

Next Story
Equipment

BKT to Showcase Advanced Off-Highway Tyres at Bauma ConExpo

Balkrishna Industries Ltd (BKT) will showcase its latest off-highway tyre solutions at Bauma ConExpo India 2026, scheduled from September 15-18 at the India Expo Centre, Greater Noida.The company will display a range of application-specific tyres for construction, mining and industrial operations at Hall 12, Booth No. 1. Key products will include the EARTHMAX SR 30 for loaders and articulated dump trucks and the AIROMAX AM 27 for mobile cranes.BKT will also showcase MINE FORCE, EARTHMAX EXPERTO GD1, XL GRIP NEO, DYNA HAUL, CONSTEER and EARTHMAX SR423. The tyres are designed to operate under he..

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement