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Business Standard
3 days ago
- Business
- Business Standard
UltraTech Cement's profit jumps 49% as volumes, prices grow in Q1FY26
Aditya Birla Group's UltraTech Cement reported a 48.9 per cent year-on-year (YoY) growth in consolidated net profit (attributable to the owners of the parent) for the quarter ending June FY26, reaching ₹2,226 crore, driven by an overall sales volume growth of 9.7 per cent YoY to 36.83 million metric tonnes. The company's grey cement realisations also improved by 2.4 per cent YoY to ₹5,165 per metric tonne (mt), amid an all-India YoY cement price hike of 6 per cent during the quarter. The growth in the company's overall consolidated sales volume during the quarter was further boosted by its acquisitions of Kesoram Industries and India Cements. However, during the company's earnings call on Monday, Atul Daga, Chief Financial Officer of UltraTech Cement, remarked, 'We had gotten used to double-digit growth (in sales volume) just recently, year after year, quarter after quarter, and anything less seems to be slow.' Further, the profit marginally missed the Bloomberg analysts' poll estimate of ₹2,251.03 crore. The company's revenue from operations in Q1 FY26 grew by 13.1 per cent YoY to ₹21,275.45 crore, though it also missed analysts' estimates of ₹21,506 crore. 'We believe our results this quarter demonstrate our ability to adapt to the changing market scenario while delivering on our financial commitments,' Daga said. According to Elara Capital, average pan-India cement prices rose by 3 per cent quarter-on-quarter (QoQ) in Q1 FY26 to ₹377 per bag. The YoY price increase reflects a rebound from Q1 FY25 when prices had declined by about 4 per cent due to the demand being affected by the general elections. In Q1 FY26, prices softened in June 2025 with the onset of the monsoon. The company's total expenses for the quarter stood at ₹18,405.19 crore, up 7.97 per cent YoY. Energy costs for grey cement were lower by 12 per cent YoY to ₹871 per mt, mainly due to reduced fuel prices. The company's logistics cost during the quarter declined by 4 per cent YoY, while power costs dropped by 8 per cent YoY. In Q1 FY26, the company's operating EBITDA per tonne was ₹1,248, up 38.82 per cent YoY. The share of premium products in the company's sales stood at 33.8 per cent, compared to 24 per cent in Q1 FY25. Sequentially, the company's revenue declined by 7.75 per cent and profit by 10.31 per cent. UltraTech increased its grey cement capacity by 3.5 million tonnes per annum (mtpa) in Q1 FY26, bringing its total capacity to 192.26 mtpa. The company aims to grow its grey cement capacity to 197.5 mtpa by the end of FY26. The company spent approximately ₹2,000 crore in capital expenditure during Q1 FY26. The company's consolidated net debt stood at ₹16,340 crore as of June 2025. UltraTech is targeting a double-digit volume growth going forward, driven by new capacity additions, mega infrastructure projects, healthy rural demand, and urban housing activity. 'We will grow higher than the industry,' Daga added. The company's share, listed on the Bombay Stock Exchange, closed at ₹12,574.35 on Monday (July 21).
Economic Times
3 days ago
- Business
- Economic Times
UltraTech Cement to expand capacity by 29 MTPA by FY27, targets 82-location footprint across India
UltraTech Cement plans to add 29 million tonnes per annum (MTPA) of grey cement capacity across India over the next two years, expanding its total domestic capacity to 212.2 MTPA by the end of FY27. According to the company's investor presentation on Monday, the expansion will be executed through a mix of greenfield and brownfield projects spread across five zones, North, Central, East, West, and FY26 alone, UltraTech aims to commission 14.1 MTPA of new cement capacity. Key projects include a 3.3 MTPA grinding unit at Visakhapatnam (Andhra Pradesh), 2.5 MTPA at Patratu (Jharkhand), and 1.8 MTPA each at Shahjahanpur (Uttar Pradesh) and Maihar (Madhya Pradesh). These additions exclude planned bulk terminals. Also Read: UltraTech Cement Q1 Results: Cons PAT surges 49% YoY to Rs 2,226 crore, revenue jumps 13% The expansion will continue into FY27 with another 14.7 MTPA scheduled to come online. New capacities are planned in Aligarh (Uttar Pradesh), Bihar, West Bengal, and Andhra Pradesh, among others. Once complete, the company's manufacturing footprint will span 82 locations across the the South region will account for the largest capacity by FY27 at 59.2 MTPA, followed by the East at 42.4 MTPA and North at 42.0 MTPA. The company's overseas capacity will remain unchanged at 5.4 MTPA, taking UltraTech's global capacity to 217.6 company is executing the expansion through a combination of integrated units, grinding units, and debottlenecking at existing plants. UltraTech said the planned capex will also improve operating efficiency, with benefits expected to start reflecting from Q4FY27. The expansion is aimed at capturing future cement demand, which UltraTech expects to grow 7–8% in FY26, supported by infrastructure activity, rural housing, and a favourable interest rate cycle. UltraTech Cement reported a 49% year-on-year (YoY) jump in its consolidated net profit for the June quarter at Rs 2,226 crore, compared to Rs 1,495 crore in the year-ago period. The profit is attributable to the owners of the company. The Aditya Birla Group company's revenue stood at Rs 21,275 crore, up 13% from Rs 18,818 crore in the corresponding quarter of the previous financial year.
Economic Times
3 days ago
- Business
- Economic Times
UltraTech Cement Q1 Results: Cons PAT surges 49% YoY to Rs 2,226 crore, revenue jumps 13%
UltraTech Cement on Monday reported a 49% year-on-year (YoY) jump in its consolidated net profit for the June quarter at Rs 2,226 crore, compared to Rs 1,495 crore in the year-ago period. The profit is attributable to the owners of the company. ADVERTISEMENT The Aditya Birla Group company's revenue stood at Rs 21,275 crore, up 13% from Rs 18,818 crore in the corresponding quarter of the previous financial year. The company's profit after tax (PAT) declined 10% sequentially from Rs 2,482 crore reported in Q4FY25. Revenue (topline) also fell 8% quarter-on-quarter (QoQ) to Rs 21,275 crore, compared to Rs 23,063 crore in the January–March quarter of FY25. UltraTech recorded a consolidated volume growth of 9.7% YoY, including contributions from India Cements. ADVERTISEMENT More to come... (You can now subscribe to our ETMarkets WhatsApp channel)
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Business Standard
3 days ago
- Business
- Business Standard
India Cements declines 5% as company incurs net loss against profit YoY
India Cements, an Aditya Birla Group company, shares slipped 4.9 per cent, logging an intraday low at ₹329.9 per share on BSE. The selling pressure on the counter came after the company posted mixed Q1 results. At 10:33 AM, India Cements share price was trading 2.62 per cent lower at ₹338.1 per share on the BSE. In comparison, the BSE Sensex was up 0.41 per cent at 82,089.66. The company's market capitalisation stood at ₹10,477.62 crore. The 52-week high of the stock was at ₹385.5 per share, and the 52-week low of the stock was at ₹239 per share. India Cements Q1 results India Cements, a subsidiary of UltraTech Cement, reported a consolidated net loss of ₹132.9 crore for the April-June 2025 quarter, as compared to a net profit of ₹58.47 crore a year ago. The consolidated total income for the quarter under review was ₹1,033.85 crore, compared to ₹1,042.27 crore a year ago. Its Earnings before interest, tax, depreciation and amortisation (Ebitda) stood at ₹92 crore in quarter under review, as against Ebitda loss of ₹9 crore a year ago. Net sales for the quarter stood at ₹1,025 crore as compared to ₹1,027 crore a year ago. During the quarter, the company approved the sale of its entire equity stake in its subsidiary, Industrial Chemicals and Monomers Ltd. It also said it had successfully refinanced its debt, resulting in a significant reduction in finance costs, from ₹82.36 crore in the corresponding quarter last year to ₹26.58 crore. "The company is planning a capital expenditure programme over the next two years to improve efficiency and reduce operating costs; increase the share of renewable power; and enhance safety standards," India Cements said. Profitability is expected to improve further as the benefits of this capex programme begin to flow in, along with synergies from economies of scale, a wider distribution network, and a stronger balance sheet. About India Cements India Cements Limited is a subsidiary of UltraTech Cement Limited. UltraTech is the cement flagship company of the Aditya Birla Group and is the largest manufacturer of grey cement and ready mix concrete (RMC) and one of the largest manufacturers of white cement in India. India Cements was acquired by UltraTech on December 24, 2024.
Economic Times
5 days ago
- Business
- Economic Times
India Cements Q1 results: Co slips to Rs 131 crore loss, revenue flat YoY
India Cements on Saturday reported a consolidated net loss of Rs 131 crore for the June quarter compared to the profit of Rs 71 crore in the year-ago period. The company's revenue stood at Rs 1,025 crore, marginally lower than Rs 1,027 crore in the corresponding quarter of the previous financial year. ADVERTISEMENT The performance also marked a sharp downturn from the previous quarter, when the company had posted a profit of Rs 19 crore. Sequentially, revenue fell 14% from Rs 1,197 crore in Q4FY25. The Aditya Birla Group company incurred expenses of Rs 1,042 crore in the quarter under review versus Rs 1,313 crore in Q4FY25 and Rs 1,190 crore in Q1FY25. The expenses were made under the heads including 'Cost of Materials consumed', freight & forwarding expense and power & fuel, among other things. The company achieved domestic sales volume of 2.18 MnT, up 11.6% YoY. The average capacity utilisation stood at 61% for the Cement Realisations (net of logistics cost) improved by 5.7% company recorded total Ebitda/Mt of Rs 424, which improved significantly from Rs 88/Mt in Q4FY25. ADVERTISEMENT The average interest rate for Q1FY26 stood at 6.83%, declining by 110 bps a standalone basis, India Cements reported a net loss of Rs 14 crore in Q1FY26, narrowing from a loss of Rs 76 crore in Q4FY25 and compared to a net profit of Rs 57 crore in the year-ago period. Revenue rose 5.5% year-on-year to Rs 1,025 crore from Rs 972 crore. ADVERTISEMENT During the quarter under review, the company approved the sale of its entire equity stake in its subsidiary, Industrial Chemicals & Monomers Ltd (ICML), for a total consideration of Rs 97.68 crore. As a result, the investment in ICML, previously carried at a cost of Rs 0.36 crore, has been reclassified as held for sale. The gain from this transaction will be recognised upon its completion, the company filing company's step-down subsidiary, PT Adcoal Energindo, Indonesia, approved the sale of its entire stake in PT Mitra Setia Tanah Bumbu, Indonesia, an associate entity, on July 3, 2025. The impact, if any, on the carrying value of the investment in the foreign subsidiary will be evaluated for impairment once the transaction is completed. ADVERTISEMENT The exceptional items for the quarter include two key impairments. First, an impairment of Rs 47.53 crore was recognised upon the consolidation of the subsidiary ICML, which has been classified as held for sale. This amount reflects the difference between the carrying value of ICML's net assets and their fair value less costs to sell. Second, an impairment of Rs 76.24 crore was recorded in relation to the proposed sale of a stake in MSTB, representing the gap between the carrying amount of the investment (including goodwill) and its fair value less costs to sell. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
