UltraTech Cement Reports Q3 Profit Surge to ₹1,729.44 Crore

UltraTech Cement, India’s leading cement manufacturer, announced a consolidated net profit of ₹1,729.44 crore for the December quarter of the fiscal year 2026. This marks a significant increase from the ₹1,363.44 crore profit recorded during the same period last year. The company, a flagship of the Aditya Birla Group, released its financial results in a regulatory filing on January 24, 2026.

Revenue from operations for the December quarter reached ₹21,829.68 crore, a notable rise from ₹17,778.83 crore in the previous year. The company stated that its financial results for the three months and nine months ending December 31, 2025, are not directly comparable to previous periods. This is primarily due to the acquisition of India Cements Ltd (ICL), Blrla White WallCare (formerly known as Wonder WallCare), and RAKWCT, a cement company based in the UAE. Additionally, the merger of the cement business of Kesoram Industries with UltraTech took effect on March 1, 2025.

Sales volume during the quarter increased by 15 percent to 33.85 million tonnes (MT), while domestic grey cement production rose by 15.4 percent to 36.37 MT. The company’s earnings statement highlighted that excluding the sales volumes of India Cements and Kesoram from the corresponding previous period, UltraTech achieved a growth of 29.4 percent in domestic grey cement markets.

Performance Metrics and Capacity Expansion

Capacity utilization improved by 5 percent year-on-year, standing at 77 percent for the quarter, compared to 72 percent during the same period last year. The company also reported a 26 percent increase in sales of Ready Mix Concrete (RMC), amounting to ₹1,848 crore, which represents 3 percent of total cement volumes.

UltraTech’s earnings before interest, taxes, depreciation, and amortization (EBITDA) per metric tonne improved by ₹140 year-on-year and ₹97 quarter-on-quarter, reaching ₹1,051/MT. Despite this positive trend, sales realization experienced a slight decline of 0.4 percent year-on-year and 3.3 percent quarter-on-quarter.

The company provided an update on its acquisition of India Cements, noting a recovery path with sales volumes of 2.59 million tonnes, reflecting a growth of 25 percent over the previous year. UltraTech expressed confidence that improvements in efficiency and productivity, along with the completion of capital expenditure plans, will lead to targeted profitability aligned with the holding company.

Strategic Developments and Future Outlook

In terms of capacity expansion, UltraTech commissioned 0.6 million tonnes per annum (MTPA) of cement capacity at its grinding unit at Dhule Cement Works in Maharashtra and 1.2 MTPA at the integrated unit in Nathdwara Cement Works, Rajasthan. Following these additions, the company’s domestic grey cement capacity now stands at 188.66 MTPA, with a total global capacity of 194.06 MTPA when including 5.4 MTPA in the UAE.

During the quarter, UltraTech invested ₹2,357 crore in its ongoing capital expenditure program and noted a reduction in its net debt-to-EBITDA ratio to 1.08x, reflecting strong operating cash flows. The company also reported that its foray into the cables and wires business is progressing on schedule, with critical orders placed and civil work underway.

Overall, UltraTech Cement continues to demonstrate robust growth and strategic expansion in an increasingly competitive market, positioning itself for future success.