Latest news with #UltraTechCement
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Business Standard
2 hours ago
- Business
- Business Standard
Stock Market LIVE: GIFT Nifty rises; Asia up as US indices hit record; Dixon, IRFC, Paytm Q1 eyed
Stock Market LIVE on Tuesday, July 22, 2025: At 6:31 AM, GIFT Nifty futures were trading 54 points higher at 25,181, indicating a positive start for the bourses. 6:57 AM Stock Market LIVE Updates: UltraTech Cement's profit jumps 49% as volumes, prices grow in Q1FY26 Stock Market LIVE Updates: The consolidated net profit of the Aditya Birla group's UltraTech Cement (attributable to the owners of the parent) for the first quarter of 2025-26 (Q1FY26) grew by 48.9 per cent year-on-year (Y-o-Y) to ₹2,226 crore amid an overall sales volume growth of 9.7 per cent Y-o-Y to 36.83 million tonnes. The company's grey cement realisations also improved by 2.4 per cent Y-o-Y to ₹5,165 per tonne amid the all-India Y-o-Y cement price hike of 6 per cent during the quarter. The growth in the company's overall consolidated sales volume during the quarter came amid its acquisitions of Kesoram Industries and India Cements. 6:57 AM Stock Market LIVE Updates: The net profit of Eternal, the parent company of food aggregator Zomato and quick-commerce firm Blinkit, dropped sharply by 90 per cent on year during the first quarter of financial year 2026 (Q1FY26), largely due to continued investments in quick-commerce expansion and in its going out segment District. The profit after tax (PAT) — or net profit — of Eternal fell to ₹25 crore year-on-year (Y-o-Y) from ₹253 crore in Q1 of FY25. On a sequential basis, the profit was down 35.8 per cent from ₹39 crore in the previous quarter. The company's revenue for the quarter rose 70.3 per cent Y-o-Y to ₹7,167 crore in Q1, up from ₹4,206 crore a year earlier. The revenue was ₹5,833 crore in the previous quarter. READ MORE 6:55 AM Stock Market LIVE Updates: Top banks' fresh hiring slowed in FY25 amid moderation in business growth Stock Market LIVE Updates: Hiring by the country's large commercial banks fell significantly in 2024-25 (FY25) amid a moderation in business growth — particularly in the retail — limited branch expansion, and improved attrition rates. Data from banks' annual reports shows that HDFC Bank, India's largest private-sector lender, hired 49,713 professionals in FY25, against 89,115 the previous year, and over 85,000 in FY23. Similarly, State Bank of India (SBI), the country's largest lender, hired just 1,770 in FY25, compared with 10,661 in FY24, and 8,595 in FY23. Axis Bank, the third-largest private-sector lender, hired 31,674 in FY25, against 40,724 the previous year. READ MORE 6:54 AM Stock Market LIVE Updates: Amid persistent uncertainty over an interim trade deal between India and the United States (US), the next round of formal negotiations has been pushed beyond the August 1 deadline. 'The next formal round of talks is now scheduled to take place in the second half of August in New Delhi,' a senior government official told Business Standard, adding that both sides were currently engaged in virtual talks. A team of officials from Washington DC will visit India for a sixth round of negotiation, around a month after negotiators from both sides wrapped up the fifth round of talks in Washington last week. The official cited above said there was currently no clarity whether both sides would be able to seal an interim trade deal before August 1 — the date set by US President Donald Trump for double-digit reciprocal tariffs to kick in. READ MORE 6:52 AM Stock Market LIVE Updates: Asia-Pacific trades higher Stock Market LIVE Updates: Asia-Pacific trades higher -- Nikkei up 0.25 per cent -- ASX 200 rises 0.19 per cent -- Topix pops 0.18 per cent 6:48 AM Stock Market LIVE Updates: US markets end mixed; S&P, Nasdaq hit record highs
Time of India
9 hours ago
- Business
- Time of India
UltraTech Cement posts profit of Rs 2,221 crore in Q1 FY26
NEW DELHI: UltraTech Cement on Monday reported a consolidated net profit of Rs 2,220.91 crore for the first quarter ended June 30, 2025. It had posted a net profit of Rs 1,493.45 crore for the year-ago period, the Aditya Birla group flagship firm said in a regulatory filing. Revenue from operations stood at Rs 21,275.45 crore during the first quarter of FY26. It was Rs 18,818.56 crore a year earlier. The company said its results for the June quarter are not comparable due to the acquisition of South-based India Cements Ltd, Wonder WallCare and Ras Al Khaimah, UAE-based RAKWCT. Moreover, the scheme for merger of cement business of Kesoram Industries with UltraTech and their respective shareholders and creditors was also effective from March 1, 2025. "The company's consolidated sales volumes reached 36.83 million tonne for the quarter, growing 9.7 per cent with the acquisitions of India Cements Limited and the cement business of Kesoram Industries," UltraTech said in its earnings statement. With all these acquisitions and brownfield expansions, UltraTech has increased its grey cement capacity to 192.26 million tonnes per annum (MTPA). "UltraTech's expansion program is progressing as scheduled, with the company continuously enhancing its production capabilities to meet the growing demand for cement," it said. Its total expenses in the June quarter of FY26 were at Rs 18,405.19 crore. The company's total income, which includes other income, was at Rs 21,455.68 crore in the June quarter. During the quarter, its energy costs were lower by 12 per cent Year-on-Year (YoY), mainly on account of reduced fuel prices. However, raw material costs marginally rose by 2 per cent, the statement added. On India Cements Ltd, the company which UltraTech acquired in December last year, said, "Comprehensive efforts on multiple fronts have enabled India Cements to generate an EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) of Rs 92 crore, compared to a loss of Rs 9 crore last year". Moreover, through debottlenecking, an additional capacity of 0.3 MTPA has been released from the India Cements assets in the lucrative northern region. "Furthermore, a capex plan is being made for investments over the next two years for improvement in all areas of operations to bring these assets at par with UltraTech standards," it said. In the June quarter, UltraTech commenced 12 MW of WHRS (Waste Heat Recovery Systems) capacity. "With this, the company's total WHRS capacity stands augmented to 363 MW," it said, adding that "The share of green power in the company's power mix is 39.5 per cent." Shares of UltraTech Cement settled 0.49 per cent higher at Rs 12,560 apiece on the BSE.
Business Standard
14 hours ago
- Business
- Business Standard
UltraTech Cement consolidated net profit rises 48.91% in the June 2025 quarter
Sales rise 13.06% to Rs 21275.45 crore Net profit of UltraTech Cement rose 48.91% to Rs 2225.90 crore in the quarter ended June 2025 as against Rs 1494.82 crore during the previous quarter ended June 2024. Sales rose 13.06% to Rs 21275.45 crore in the quarter ended June 2025 as against Rs 18818.56 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 21275.4518818.56 13 OPM % 20.7116.03 - PBDT 4152.962862.73 45 PBT 3046.181944.80 57 NP 2225.901494.82 49
Business Recorder
15 hours ago
- Business
- Business Recorder
Higher cement prices help India's UltraTech beat earnings estimates
UltraTech Cement, India's largest cement maker by capacity, posted first-quarter earnings above market expectations on Monday, boosted by higher prices of the construction material. Consolidated net profit, including gains from its India Cements deal in 2024, was 22.26 billion rupees ($258.11 million) - above the 21.56 billion rupees estimated by analysts, on average, according to data compiled by LSEG. Standalone net profit for the three months ended June 30 was up 48% on-year. Cement prices rose about 2% on-year on average in the quarter, according to brokerage Ambit Capital, extending the steady recovery so far this year after last year's slump. Finance chief Atul Daga said in a post-earnings call that cement prices have continued to improve in July, especially in the South Indian markets, which emerged out of a long pricing lull in April. 'Prices have (been) favorably poised in spite of heavy monsoons,' Daga said. The company reported a revenue of 212.75 billion rupees, surpassing analysts' estimates of 200.12 billion rupees. However, its consolidated sales volume growth of 9.7% was near the lower side of the 9.6%-17.5% growth range projected by four brokerages. Heavy rains dampened demand in Maharashtra, Gujarat and Odisha, while geopolitical tensions stalled construction activity in India's northern border states, the company said. India and Pakistan saw their worst clashes in decades in the quarter, following a deadly attack in Indian Kashmir in April. The April-June period is also a seasonally soft quarter for cement companies, as monsoon showers slow construction. The company's dealmaking, such as the acquisition of India Cements and Kesoram's cement business, helped in capacity expansion and shielded its volumes from weather-led volatility, analysts have said. UltraTech shares closed 0.5% higher.
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Business Standard
15 hours 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).
